Capital International Sarl Grows Position in Canadian Natural Resources Limited $CNQ

Capital International Sarl grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 373,518 shares of the oil and gas producer’s stock after acquiring an additional 75,753 shares during the period. Capital International Sarl’s holdings in Canadian Natural Resources were worth $12,667,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Leonteq Securities AG purchased a new stake in shares of Canadian Natural Resources in the 4th quarter valued at $31,000. GoalVest Advisory LLC purchased a new stake in shares of Canadian Natural Resources in the 4th quarter valued at $32,000. LOM Asset Management Ltd purchased a new stake in shares of Canadian Natural Resources in the 4th quarter valued at $34,000. Quarry LP purchased a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at $32,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of Canadian Natural Resources in the 4th quarter valued at $51,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

CNQ opened at $45.74 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. The firm has a fifty day moving average price of $46.78 and a 200 day moving average price of $40.96. Canadian Natural Resources Limited has a 1 year low of $29.30 and a 1 year high of $51.34. The stock has a market cap of $95.20 billion, a P/E ratio of 13.65 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data 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. The business 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 last year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 4.2 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued 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 (DPR) is presently 54.63%.

Analyst Ratings Changes

Several research firms have recently commented on CNQ. ATB Cormark Capital Markets downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday, May 20th. 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. 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. Finally, Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

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.