TD Waterhouse Canada Inc. Has $634.51 Million Position in Canadian Natural Resources Limited $CNQ

TD Waterhouse Canada Inc. boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,236,328 shares of the oil and gas producer’s stock after buying an additional 88,990 shares during the period. Canadian Natural Resources comprises about 1.7% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 12th biggest holding. TD Waterhouse Canada Inc.’s holdings in Canadian Natural Resources were worth $634,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in Canadian Natural Resources in the 1st quarter valued at about $29,000. Trust Co. of Vermont bought a new stake in shares of Canadian Natural Resources in the second quarter valued at approximately $26,000. CX Institutional bought a new stake in shares of Canadian Natural Resources in the second quarter valued at approximately $28,000. Sunbelt Securities Inc. acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $25,000. Finally, Manchester Capital Management LLC acquired a new stake in Canadian Natural Resources during the fourth quarter worth approximately $28,000. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $51.17 on Friday. Canadian Natural Resources Limited has a 12-month low of $29.68 and a 12-month high of $52.25. The business has a 50-day simple moving average of $45.76 and a two-hundred day simple moving average of $45.80. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The stock has a market cap of $105.53 billion, a PE ratio of 12.63 and a beta of 0.47.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.15. The firm had revenue of $14.74 billion for the quarter, compared to analyst estimates of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. Analysts anticipate that Canadian Natural Resources Limited will post 4.05 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.625 per share. The ex-dividend date is Friday, September 11th. This represents a $2.50 annualized dividend and a yield of 4.9%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 44.69%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CNQ. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday, August 27th. Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.