Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 112.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 453,393 shares of the oil and gas producer’s stock after acquiring an additional 240,354 shares during the quarter. Cerity Partners LLC’s holdings in Canadian Natural Resources were worth $15,057,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RFP Financial Group LLC boosted its stake in shares of Canadian Natural Resources by 98.3% during the 2nd 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 last quarter. Park Place Capital Corp boosted its stake in 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 valued at $25,000 after acquiring an additional 358 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in Canadian Natural Resources by 100.0% during the 2nd 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. First Horizon Advisors Inc. grew its holdings in Canadian Natural Resources by 71.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 376 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its position in shares of Canadian Natural Resources by 5.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. 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 downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.00.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $34.05 on Tuesday. The company has a market cap of $71.85 billion, a PE ratio of 13.22 and a beta of 1.50. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The firm has a 50-day simple moving average of $34.62 and a 200 day simple moving average of $35.30. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its 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. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates 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. On average, sell-side analysts anticipate that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

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

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).