Fox Run Management L.L.C. Has $326,000 Position in Canadian Natural Resources Limited $CNQ

Fox Run Management L.L.C. cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 45.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,367 shares of the oil and gas producer’s stock after selling 8,584 shares during the quarter. Fox Run Management L.L.C.’s holdings in Canadian Natural Resources were worth $326,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brandywine Global Investment Management LLC increased its holdings in shares of Canadian Natural Resources by 27.5% in the first quarter. Brandywine Global Investment Management LLC now owns 2,183,598 shares of the oil and gas producer’s stock valued at $67,201,000 after purchasing an additional 470,391 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Canadian Natural Resources in the 2nd quarter valued at $361,000. Sei Investments Co. increased its stake in shares of Canadian Natural Resources by 41.9% in the 1st quarter. Sei Investments Co. now owns 49,307 shares of the oil and gas producer’s stock valued at $1,519,000 after buying an additional 14,561 shares during the period. TD Asset Management Inc raised its position in shares of Canadian Natural Resources by 0.8% during the second quarter. TD Asset Management Inc now owns 41,581,125 shares of the oil and gas producer’s stock worth $1,304,267,000 after acquiring an additional 316,933 shares during the last quarter. Finally, Journey Advisory Group LLC acquired a new position in shares of Canadian Natural Resources during the second quarter valued at $2,458,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $32.43 on Thursday. The firm’s 50 day simple moving average is $31.65 and its 200 day simple moving average is $31.32. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $34.97. The company has a market capitalization of $67.63 billion, a price-to-earnings ratio of 11.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The firm had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.81 billion. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. During the same quarter in the prior year, the firm earned $0.97 earnings per share. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 12th will be paid a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 12th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s dividend payout ratio (DPR) is 73.89%.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, October 16th. National Bankshares reissued a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Canadian Natural Resources 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).