Canadian Natural Resources Limited $CNQ Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 59.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,161 shares of the oil and gas producer’s stock after acquiring an additional 29,249 shares during the quarter. Bleakley Financial Group LLC’s holdings in Canadian Natural Resources were worth $2,646,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CNQ. Leonteq Securities AG bought a new stake in Canadian Natural Resources in the fourth quarter valued at about $31,000. GoalVest Advisory LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $32,000. Quarry LP acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at $32,000. LOM Asset Management Ltd acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $34,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of Canadian Natural Resources during the 4th quarter valued at $51,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 2.3%

NYSE CNQ opened at $45.74 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $95.16 billion, a PE ratio of 13.65 and a beta of 0.47. Canadian Natural Resources Limited has a 1-year low of $29.30 and a 1-year high of $51.34. The firm’s fifty day simple moving average is $47.15 and its 200-day simple moving average is $40.32.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, sell-side analysts anticipate that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio is presently 54.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. ATB Cormark Capital Markets downgraded Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. The Goldman Sachs Group boosted their target price on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Weiss Ratings downgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. 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 stock. Based on data from MarketBeat.com, the stock 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.