Quantinno Capital Management LP Has $18.42 Million Holdings in Canadian Natural Resources Limited $CNQ

Quantinno Capital Management LP boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQFree Report) (TSE:CNQ) by 13.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 378,046 shares of the oil and gas producer’s stock after buying an additional 44,000 shares during the quarter. Quantinno Capital Management LP’s holdings in Canadian Natural Resources were worth $18,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Canadian Natural Resources during the 4th quarter worth about $25,000. Manchester Capital Management LLC acquired a new position in shares of Canadian Natural Resources during the fourth quarter valued at about $28,000. Leonteq Securities AG bought a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $31,000. Quarry LP bought a new stake in shares of Canadian Natural Resources in the third quarter valued at about $32,000. Finally, LOM Asset Management Ltd acquired a new stake in Canadian Natural Resources during the fourth quarter worth about $34,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings lowered Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Scotiabank upgraded Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Desjardins raised Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Get Our Latest Stock Analysis on Canadian Natural Resources

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $47.67 on Monday. The firm has a market capitalization of $98.64 billion, a PE ratio of 14.23 and a beta of 0.46. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. Canadian Natural Resources Limited has a 12-month low of $29.30 and a 12-month high of $51.34. The firm has a 50-day moving average price of $43.68 and a 200 day moving average price of $43.79.

Canadian Natural Resources (NYSE:CNQGet Free Report) (TSE:CNQ) last released its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same period in the previous year, the business earned $1.16 earnings per share. Research analysts anticipate that Canadian Natural Resources Limited will post 3.89 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd were given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.03%.

Canadian Natural Resources Company Profile

(Free Report)

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.

Further Reading

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

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