Guggenheim Capital LLC raised its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 15.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,493 shares of the oil and gas producer’s stock after buying an additional 2,460 shares during the period. Guggenheim Capital LLC’s holdings in Canadian Natural Resources were worth $1,024,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in CNQ. Aspire Private Capital LLC acquired a new position in Canadian Natural Resources in the 1st quarter worth approximately $11,623,500,000. Money Concepts Capital Corp acquired a new position in Canadian Natural Resources in the 4th quarter worth approximately $25,000. Captrust Financial Advisors boosted its stake in Canadian Natural Resources by 57.6% in the 2nd quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 217 shares during the period. Delta Asset Management LLC TN acquired a new position in Canadian Natural Resources in the 4th quarter worth approximately $33,000. Finally, Natixis acquired a new position in Canadian Natural Resources in the 4th quarter worth approximately $42,000. 73.88% of the stock is currently owned by institutional investors.
Canadian Natural Resources Stock Performance
NYSE:CNQ opened at $64.92 on Monday. The firm’s 50-day moving average is $59.27 and its 200-day moving average is $57.45. Canadian Natural Resources Limited has a 52-week low of $44.45 and a 52-week high of $65.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.47 and a current ratio of 0.70. The company has a market cap of $70.82 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 11.78 and a beta of 1.58.
Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). Canadian Natural Resources had a return on equity of 22.86% and a net margin of 18.14%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.44 billion. Equities research analysts anticipate that Canadian Natural Resources Limited will post 4.95 earnings per share for the current year.
Canadian Natural Resources Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 15th will be given a dividend of $0.6744 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.66. This represents a $2.70 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources’s payout ratio is 53.24%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CNQ shares. CIBC raised their price objective on shares of Canadian Natural Resources from $90.00 to $93.00 and gave the stock an “outperformer” rating in a research note on Tuesday, August 29th. UBS Group began coverage on shares of Canadian Natural Resources in a research note on Wednesday, July 12th. They set a “buy” rating for the company. Jefferies Financial Group lifted their target price on shares of Canadian Natural Resources from $84.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, August 28th. National Bank Financial lowered shares of Canadian Natural Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 4th. Finally, StockNews.com began coverage on shares of Canadian Natural Resources in a research note on Thursday, August 17th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of $89.50.
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).
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