Brian Low Financial Group LLC Invests $527,000 in Canadian Natural Resources Limited $CNQ

Brian Low Financial Group LLC bought a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,500 shares of the oil and gas producer’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in Canadian Natural Resources during the second quarter valued at approximately $27,000. Addison Advisors LLC grew its stake in Canadian Natural Resources by 309.1% during the 2nd quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 677 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares during the last quarter. Adirondack Trust Co. raised its stake in shares of Canadian Natural Resources by 317.1% in the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Bruce G. Allen Investments LLC raised its stake in Canadian Natural Resources by 116.7% during the second quarter. Bruce G. Allen Investments LLC now owns 1,788 shares of the oil and gas producer’s stock valued at $56,000 after buying an additional 963 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.5%

Canadian Natural Resources stock opened at $32.80 on Friday. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $35.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The stock has a market cap of $68.31 billion, a P/E ratio of 14.51 and a beta of 0.70. The company’s fifty day simple moving average is $32.59 and its 200-day simple moving average is $31.93.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. The business had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Canadian Natural Resources had a net margin of 14.90% and a return on equity of 18.93%. During the same period in the previous year, the company earned $0.97 earnings per share. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be given a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, December 12th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s dividend payout ratio is currently 74.34%.

Analysts Set New Price Targets

CNQ has been the topic of a number of recent research reports. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Zacks Research cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

About Canadian Natural Resources

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.