Crossmark Global Holdings Inc. Has $14.63 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Crossmark Global Holdings Inc. trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 440,396 shares of the oil and gas producer’s stock after selling 49,622 shares during the period. Crossmark Global Holdings Inc.’s holdings in Canadian Natural Resources were worth $14,625,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ted Buchan & Co increased its holdings in Canadian Natural Resources by 2.7% in the 3rd quarter. Ted Buchan & Co now owns 20,483 shares of the oil and gas producer’s stock valued at $680,000 after acquiring an additional 540 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Canadian Natural Resources by 80.7% during the third quarter. Lindbrook Capital LLC now owns 6,322 shares of the oil and gas producer’s stock worth $210,000 after buying an additional 2,824 shares during the period. Verdence Capital Advisors LLC lifted its stake in Canadian Natural Resources by 6.3% in the third quarter. Verdence Capital Advisors LLC now owns 150,709 shares of the oil and gas producer’s stock worth $5,005,000 after acquiring an additional 8,870 shares during the last quarter. Trinity Legacy Partners LLC raised its holdings in Canadian Natural Resources by 3.7% during the third quarter. Trinity Legacy Partners LLC now owns 90,980 shares of the oil and gas producer’s stock worth $3,021,000 after purchasing an additional 3,221 shares in the last quarter. Finally, Olympiad Research LP increased its holdings in shares of Canadian Natural Resources by 26.0% in the 3rd quarter. Olympiad Research LP now owns 19,320 shares of the oil and gas producer’s stock valued at $642,000 after acquiring an additional 3,990 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Down 1.8 %

Shares of Canadian Natural Resources stock traded down $0.64 during trading on Friday, reaching $34.17. The stock had a trading volume of 4,259,723 shares, compared to its average volume of 3,835,575. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $34.51 and a two-hundred day moving average price of $35.67. The company has a market capitalization of $72.22 billion, a price-to-earnings ratio of 13.27 and a beta of 1.50. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29.

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

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.54%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.58%.

Wall Street Analysts Forecast Growth

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

About Canadian Natural Resources

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).