Capital International Ltd. CA Grows Stock Holdings in Canadian Natural Resources Limited $CNQ

Capital International Ltd. CA grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 34.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,226 shares of the oil and gas producer’s stock after buying an additional 28,237 shares during the quarter. Capital International Ltd. CA’s holdings in Canadian Natural Resources were worth $3,733,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNQ. Leonteq Securities AG purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $31,000. GoalVest Advisory LLC purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $32,000. Quarry LP purchased a new position in shares of Canadian Natural Resources in the third quarter valued at $32,000. LOM Asset Management Ltd purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $34,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $51,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNQ shares. The Goldman Sachs Group upped 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. Royal Bank Of Canada upped 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. Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a report on Wednesday, May 20th. Finally, Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Stock Up 0.1%

Shares of NYSE:CNQ opened at $45.74 on Monday. The stock has a market capitalization of $95.20 billion, a price-to-earnings ratio of 13.65 and a beta of 0.45. Canadian Natural Resources Limited has a 1-year low of $29.30 and a 1-year high of $51.34. The company’s fifty day moving average is $46.78 and its two-hundred day moving average is $41.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $7.72 billion for the quarter, compared to analysts’ expectations 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 company earned $1.16 earnings per share. Equities analysts anticipate that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Dividend Announcement

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