Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 48.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 614,810 shares of the oil and gas producer’s stock after purchasing an additional 200,469 shares during the quarter. Unigestion Holding SA’s holdings in Canadian Natural Resources were worth $20,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFP Financial Group LLC lifted its stake in shares of 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 buying an additional 352 shares during the period. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Canadian Natural Resources by 71.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 376 shares during the last quarter. Coastline Trust Co purchased a new stake in Canadian Natural Resources in the 3rd quarter valued at about $33,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Canadian Natural Resources during the 2nd quarter valued at about $41,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $32.12 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1-year low of $29.45 and a 1-year high of $41.29. The firm has a market capitalization of $67.79 billion, a P/E ratio of 12.50 and a beta of 1.47. The business’s 50-day simple moving average is $34.60 and its 200-day simple moving average is $34.95.

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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm posted $0.96 earnings per share. Equities analysts predict that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared 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. This represents a $1.55 dividend on an annualized basis and a yield of 4.83%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is 64.59%.

Analyst Upgrades and Downgrades

CNQ has been the topic of several research analyst reports. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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).