Canadian Natural Resources Limited (NYSE:CNQ) Stock Position Lifted by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,277 shares of the oil and gas producer’s stock after purchasing an additional 6,995 shares during the quarter. Canadian Natural Resources accounts for approximately 1.1% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 17th largest position. Mraz Amerine & Associates Inc.’s holdings in Canadian Natural Resources were worth $5,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CNQ. Park Place Capital Corp grew its stake in shares of Canadian Natural Resources by 100.0% in the second 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 grew its stake in shares of Canadian Natural Resources by 98.3% in the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of 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 worth $26,000 after purchasing an additional 364 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in shares of 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 purchasing an additional 415 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Canadian Natural Resources by 104.7% in the second 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 in the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.0 %

Shares of NYSE CNQ opened at $35.11 on Friday. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The company has a market cap of $74.70 billion, a price-to-earnings ratio of 13.99 and a beta of 1.50. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $34.97 and a 200-day simple moving average of $36.06.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.26. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the business earned $0.43 EPS. Sell-side analysts predict that Canadian Natural Resources Limited will post 2.5 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.388 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.42%. Canadian Natural Resources’s dividend payout ratio is currently 66.14%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CNQ. Wolfe Research began coverage on 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 raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources presently has an average rating of “Hold” and a consensus target price of $49.50.

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).