Canadian Natural Resources Limited (NYSE:CNQ) Stake Lowered by Fmr LLC

Fmr LLC trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,177,386 shares of the oil and gas producer’s stock after selling 625,150 shares during the period. Fmr LLC owned about 4.03% of Canadian Natural Resources worth $2,828,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CNQ. Park Place Capital Corp raised its stake in shares of Canadian Natural Resources by 100.0% during the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 358 shares in the last quarter. RFP Financial Group LLC raised its position in Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in Canadian Natural Resources by 100.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Canadian Natural Resources by 91.6% in the second quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 415 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Canadian Natural Resources by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 2.3 %

Canadian Natural Resources stock opened at $34.05 on Tuesday. The business’s 50-day simple moving average is $34.62 and its 200-day simple moving average is $35.30. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29. The firm has a market capitalization of $71.85 billion, a PE ratio of 13.22 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.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter last year, the company posted $0.96 earnings per share. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 dividend on an annualized basis and a yield of 4.56%. Canadian Natural Resources’s dividend payout ratio (DPR) is 60.58%.

Analyst Ratings Changes

Several research firms have commented on CNQ. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and a consensus target price 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).