Signaturefd LLC Has $141,000 Stock Position in Canadian Natural Resources Ltd (NYSE:CNQ)

Signaturefd LLC reduced its holdings in shares of Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 34.0% in the third quarter, Holdings Channel reports. The institutional investor owned 5,301 shares of the oil and gas producer’s stock after selling 2,730 shares during the period. Signaturefd LLC’s holdings in Canadian Natural Resources were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wetherby Asset Management Inc. raised its position in Canadian Natural Resources by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 22,901 shares of the oil and gas producer’s stock worth $617,000 after acquiring an additional 968 shares during the period. Quadrant Capital Group LLC raised its position in shares of Canadian Natural Resources by 7.8% in the second quarter. Quadrant Capital Group LLC now owns 13,985 shares of the oil and gas producer’s stock valued at $366,000 after purchasing an additional 1,015 shares during the period. Huntington National Bank raised its position in shares of Canadian Natural Resources by 348.8% in the second quarter. Huntington National Bank now owns 1,333 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 1,036 shares during the period. Meadow Creek Investment Management LLC raised its position in shares of Canadian Natural Resources by 20.3% in the second quarter. Meadow Creek Investment Management LLC now owns 6,544 shares of the oil and gas producer’s stock valued at $170,000 after purchasing an additional 1,104 shares during the period. Finally, MML Investors Services LLC raised its position in shares of Canadian Natural Resources by 13.4% in the second quarter. MML Investors Services LLC now owns 9,569 shares of the oil and gas producer’s stock valued at $258,000 after purchasing an additional 1,130 shares during the period. Hedge funds and other institutional investors own 65.03% of the company’s stock.

Several analysts have recently issued reports on CNQ shares. National Bank Financial lowered shares of Canadian Natural Resources from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lowered their price target on shares of Canadian Natural Resources from $45.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday. Wells Fargo & Co lowered shares of Canadian Natural Resources from a “market perform” rating to an “underperform” rating in a research report on Friday, September 6th. Tudor Pickering lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, ValuEngine raised shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Canadian Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $40.26.

Shares of NYSE:CNQ opened at $25.30 on Monday. The company has a 50 day moving average of $25.56 and a 200 day moving average of $26.54. The stock has a market cap of $30.22 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.48 and a beta of 1.15. Canadian Natural Resources Ltd has a 12 month low of $21.85 and a 12 month high of $31.77. The company has a current ratio of 0.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.57.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.62 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Canadian Natural Resources had a net margin of 22.22% and a return on equity of 8.62%. During the same quarter in the previous year, the company earned $1.04 earnings per share. On average, equities analysts forecast that Canadian Natural Resources Ltd will post 2.4 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.284 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.14 annualized dividend and a yield of 4.49%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.28. Canadian Natural Resources’s payout ratio is currently 52.56%.

Canadian Natural Resources Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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