XTX Topco Ltd Invests $1.29 Million in Canadian Natural Resources Limited (NYSE:CNQ)

XTX Topco Ltd bought a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 41,803 shares of the oil and gas producer’s stock, valued at approximately $1,288,000.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Canadian Natural Resources by 8.7% during the fourth quarter. FMR LLC now owns 92,550,104 shares of the oil and gas producer’s stock valued at $2,857,337,000 after acquiring an additional 7,372,718 shares during the last quarter. Summit Financial LLC bought a new position in Canadian Natural Resources during the 4th quarter valued at approximately $267,000. Graybill Wealth Management LTD. purchased a new stake in Canadian Natural Resources in the 1st quarter worth approximately $3,697,000. Janney Montgomery Scott LLC bought a new stake in shares of Canadian Natural Resources in the 1st quarter worth approximately $757,000. Finally, PKO Investment Management Joint Stock Co bought a new stake in shares of Canadian Natural Resources in the 4th quarter worth approximately $2,452,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CNQ. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Finally, Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.00.

Canadian Natural Resources Price Performance

CNQ opened at $30.99 on Friday. The stock has a fifty day simple moving average of $31.80 and a two-hundred day simple moving average of $30.40. The company has a market cap of $64.79 billion, a price-to-earnings ratio of 12.15 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $37.91.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Research analysts predict that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were given a dividend of $0.4227 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio is 67.06%.

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).