Farrow Financial Inc. Acquires 1,847 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Farrow Financial Inc. lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,279 shares of the oil and gas producer’s stock after acquiring an additional 1,847 shares during the quarter. Farrow Financial Inc.’s holdings in Canadian Natural Resources were worth $1,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNQ. Capital World Investors raised its holdings in Canadian Natural Resources by 0.5% in the 1st quarter. Capital World Investors now owns 144,344,207 shares of the oil and gas producer’s stock worth $11,011,765,000 after purchasing an additional 684,532 shares in the last quarter. Vanguard Group Inc. grew its stake in Canadian Natural Resources by 1.7% in the first quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock worth $3,343,849,000 after purchasing an additional 714,346 shares during the period. TD Asset Management Inc raised its holdings in Canadian Natural Resources by 96.2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock worth $1,514,190,000 after purchasing an additional 20,843,193 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Canadian Natural Resources by 93.0% during the second quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after buying an additional 19,980,902 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after buying an additional 16,245,046 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 1.3 %

NYSE CNQ traded up $0.45 during mid-day trading on Friday, reaching $35.55. The stock had a trading volume of 2,851,150 shares, compared to its average volume of 5,424,765. The stock has a market cap of $75.65 billion, a PE ratio of 14.16 and a beta of 1.50. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.59. The company has a fifty day moving average price of $34.92 and a 200 day moving average price of $36.02.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share 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 analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, research analysts expect that Canadian Natural Resources Limited will post 2.5 earnings per share for the current 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 issued a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 66.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CNQ shares. Wolfe Research started coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Finally, Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.50.

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).