Macquarie Group Ltd. raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 901,886 shares of the oil and gas producer’s stock after purchasing an additional 8,953 shares during the quarter. Macquarie Group Ltd. owned 0.08% of Canadian Natural Resources worth $49,919,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CNQ. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Canadian Natural Resources during the 1st quarter valued at about $960,796,000. National Bank of Canada FI boosted its position in shares of Canadian Natural Resources by 36.6% during the 1st quarter. National Bank of Canada FI now owns 17,233,139 shares of the oil and gas producer’s stock valued at $953,143,000 after acquiring an additional 4,618,176 shares in the last quarter. Capital International Investors boosted its position in shares of Canadian Natural Resources by 88.2% during the 1st quarter. Capital International Investors now owns 7,930,544 shares of the oil and gas producer’s stock valued at $491,064,000 after acquiring an additional 3,716,523 shares in the last quarter. Canoe Financial LP acquired a new stake in shares of Canadian Natural Resources during the 1st quarter valued at about $134,719,000. Finally, Vanguard Group Inc. boosted its position in shares of Canadian Natural Resources by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 40,235,475 shares of the oil and gas producer’s stock valued at $2,493,796,000 after acquiring an additional 2,332,528 shares in the last quarter. Institutional investors own 73.88% of the company’s stock.
Canadian Natural Resources Trading Up 0.6 %
Shares of NYSE CNQ opened at $64.68 on Friday. Canadian Natural Resources Limited has a 1-year low of $44.45 and a 1-year high of $66.18. The company has a market cap of $70.56 billion, a PE ratio of 12.71, a P/E/G ratio of 11.89 and a beta of 1.58. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average of $60.97 and a two-hundred day moving average of $57.98.
Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas producer reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The business had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.44 billion. Canadian Natural Resources had a return on equity of 22.86% and a net margin of 18.14%. As a group, equities analysts expect that Canadian Natural Resources Limited will post 5.13 earnings per share for the current fiscal year.
Canadian Natural Resources Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a dividend of $0.6744 per share. This represents a $2.70 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, September 14th. Canadian Natural Resources’s payout ratio is 52.26%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on CNQ shares. StockNews.com started coverage on shares of Canadian Natural Resources in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. CIBC boosted their price target on shares of Canadian Natural Resources from $90.00 to $93.00 and gave the company an “outperformer” rating in a research report on Tuesday, August 29th. UBS Group started coverage on shares of Canadian Natural Resources in a research report on Wednesday, July 12th. They issued a “buy” rating on the stock. Wells Fargo & Company boosted their price target on shares of Canadian Natural Resources from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Finally, National Bank Financial lowered shares of Canadian Natural Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and an average target price of $89.50.
Check Out Our Latest Stock Report on CNQ
Canadian Natural Resources Company Profile
Read More: Macquarie Group Ltd. Buys 8,953 Shares of Canadian Natural Resources Limited