World Investment Advisors Acquires Shares of 10,971 Canadian Natural Resources Limited $CNQ

World Investment Advisors acquired a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 10,971 shares of the oil and gas producer’s stock, valued at approximately $371,000.

A number of other hedge funds have also recently bought and sold shares of the company. Tacita Capital Inc boosted its position in Canadian Natural Resources by 6.1% in the 3rd quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock valued at $184,000 after buying an additional 330 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in Canadian Natural Resources by 1.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 26,486 shares of the oil and gas producer’s stock valued at $897,000 after buying an additional 330 shares during the last quarter. Rathbones Group PLC boosted its position in Canadian Natural Resources by 1.3% in the 4th quarter. Rathbones Group PLC now owns 26,308 shares of the oil and gas producer’s stock valued at $892,000 after buying an additional 350 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Canadian Natural Resources by 2.2% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,886 shares of the oil and gas producer’s stock valued at $572,000 after buying an additional 390 shares during the last quarter. Finally, PDS Planning Inc boosted its position in Canadian Natural Resources by 3.7% in the 4th quarter. PDS Planning Inc now owns 11,794 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 420 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNQ has been the topic of a number of recent research reports. ATB Cormark Capital Markets lowered Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Canadian Natural Resources Stock Performance

CNQ opened at $48.79 on Thursday. The business’s 50-day moving average price is $47.15 and its two-hundred day moving average price is $39.76. Canadian Natural Resources Limited has a 1 year low of $29.30 and a 1 year high of $51.34. The company has a market capitalization of $101.49 billion, a price-to-earnings ratio of 14.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter last year, the business posted $1.16 EPS. Equities analysts expect that Canadian Natural Resources Limited will post 4.09 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.625 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 5.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 54.63%.

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.