Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,091,759 shares of the oil and gas producer’s stock after selling 4,861 shares during the period. Fiera Capital Corp’s holdings in Canadian Natural Resources were worth $102,799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. TD Asset Management Inc lifted its holdings in Canadian Natural Resources by 96.2% in the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock valued at $1,514,190,000 after acquiring an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after acquiring an additional 19,980,902 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of Canadian Natural Resources by 105.3% during the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock worth $1,127,382,000 after purchasing an additional 16,245,046 shares during the period. Yacktman Asset Management LP raised its holdings in Canadian Natural Resources by 95.9% during the 2nd quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer’s stock worth $1,048,660,000 after buying an additional 14,418,835 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Canadian Natural Resources by 90.3% during the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock valued at $1,069,338,000 after buying an additional 14,246,978 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 2.5 %

Shares of CNQ stock traded down $0.88 during trading on Friday, hitting $33.93. 868,895 shares of the company were exchanged, compared to its average volume of 5,339,526. The firm has a market capitalization of $71.71 billion, a price-to-earnings ratio of 13.55 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The business’s 50-day simple moving average is $34.59 and its 200 day simple moving average is $35.70. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the business posted $0.96 earnings per share. As a group, analysts forecast that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 4.57%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio is currently 64.59%.

Analyst Ratings Changes

Several research firms have recently weighed in on CNQ. Wolfe Research initiated coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. StockNews.com cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).