Coastline Trust Co Makes New Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Coastline Trust Co purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,000 shares of the oil and gas producer’s stock, valued at approximately $33,000.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CNQ shares. Desjardins upgraded 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 investment analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources presently has an average rating of “Hold” and a consensus target price of $51.00.

Canadian Natural Resources Price Performance

CNQ opened at $33.10 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a market capitalization of $69.85 billion, a PE ratio of 12.85 and a beta of 1.50. The stock’s 50 day moving average price is $34.43 and its 200-day moving average price is $35.46. Canadian Natural Resources Limited has a 52-week low of $29.45 and a 52-week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping 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 business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period last year, the business posted $0.96 earnings per share. On average, equities research analysts predict that Canadian Natural Resources Limited will post 2.44 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced 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 4.69%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s payout ratio is 60.58%.

Canadian Natural Resources 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).