Capital International Inc. CA Acquires 18,259 Shares of Canadian Natural Resources Limited $CNQ

Capital International Inc. CA raised its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950,104 shares of the oil and gas producer’s stock after purchasing an additional 18,259 shares during the quarter. Capital International Inc. CA’s holdings in Canadian Natural Resources were worth $32,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of Canadian Natural Resources by 2.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,616,219 shares of the oil and gas producer’s stock worth $51,654,000 after acquiring an additional 43,356 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Canadian Natural Resources by 4.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 6,758,445 shares of the oil and gas producer’s stock worth $228,729,000 after acquiring an additional 315,460 shares during the last quarter. SCP Investment LP bought a new stake in shares of Canadian Natural Resources in the 3rd quarter worth about $1,144,000. Marshall Financial Group LLC bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth about $869,000. Finally, Numerai GP LLC lifted its holdings in shares of Canadian Natural Resources by 102.5% in the 3rd quarter. Numerai GP LLC now owns 77,164 shares of the oil and gas producer’s stock worth $2,466,000 after acquiring an additional 39,049 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CNQ shares. The Goldman Sachs Group raised their target price on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. ATB Cormark Capital Markets lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Weiss Ratings lowered shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada raised their target price on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Trading Down 4.0%

Shares of CNQ opened at $45.74 on Friday. Canadian Natural Resources Limited has a 1-year low of $29.30 and a 1-year high of $51.34. The company has a 50-day moving average of $46.78 and a 200 day moving average of $40.96. The firm has a market capitalization of $95.20 billion, a price-to-earnings ratio of 13.65 and a beta of 0.45. 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 announced its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The company had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the business posted $1.16 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.625 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 54.63%.

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.