Canadian Natural Resources Limited $CNQ Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,633,243 shares of the oil and gas producer’s stock after buying an additional 169,600 shares during the quarter. WCM Investment Management LLC’s holdings in Canadian Natural Resources were worth $145,716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of Canadian Natural Resources during the 2nd quarter worth $27,000. Investment Management Corp VA ADV raised its stake in shares of Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 611 shares during the last quarter. Sierra Ocean LLC raised its stake in shares of Canadian Natural Resources by 104.0% during the 1st quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 800 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares during the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of Canadian Natural Resources by 317.1% during the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.3%

CNQ opened at $30.85 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54. The stock has a market capitalization of $64.37 billion, a price-to-earnings ratio of 10.94 and a beta of 0.97. The business has a 50-day moving average of $31.33 and a two-hundred day moving average of $30.86. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $35.93.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.44 by $0.07. The company had revenue of $6.39 billion during the quarter, compared to analysts’ expectations of $8.97 billion. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.During the same quarter in the previous year, the business earned $0.88 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were issued a $0.4269 dividend. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, September 19th. This represents a $1.71 annualized dividend and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.64%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of recent research reports. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Natural Resources in a report on Wednesday, October 8th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Canadian Natural Resources in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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).