Susquehanna Fundamental Investments LLC lifted its stake in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 138.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,115,600 shares of the oil and gas producer’s stock after acquiring an additional 648,000 shares during the period. Canadian Natural Resources makes up 0.8% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 26th largest holding. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Canadian Natural Resources worth $44,066,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CNQ. Benjamin Edwards Inc. boosted its holdings in Canadian Natural Resources by 6.2% in the 2nd quarter. Benjamin Edwards Inc. now owns 32,785 shares of the oil and gas producer’s stock valued at $1,295,000 after purchasing an additional 1,910 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Canadian Natural Resources by 68.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,533,011 shares of the oil and gas producer’s stock worth $60,554,000 after purchasing an additional 622,723 shares during the period. Toth Financial Advisory Corp raised its position in shares of Canadian Natural Resources by 39.5% during the second quarter. Toth Financial Advisory Corp now owns 1,720 shares of the oil and gas producer’s stock valued at $68,000 after buying an additional 487 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Canadian Natural Resources by 171.9% during the second quarter. Van ECK Associates Corp now owns 2,390,830 shares of the oil and gas producer’s stock valued at $94,510,000 after buying an additional 1,511,659 shares during the last quarter. Finally, Navellier & Associates Inc. bought a new stake in shares of Canadian Natural Resources in the second quarter valued at about $2,377,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.
Canadian Natural Resources Price Performance
NYSE:CNQ opened at $49.07 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm has a market cap of $101.20 billion, a PE ratio of 12.12 and a beta of 0.46. Canadian Natural Resources Limited has a 12 month low of $29.68 and a 12 month high of $51.47. The company’s 50-day moving average price is $44.89 and its two-hundred day moving average price is $45.48.
Canadian Natural Resources Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a $0.625 dividend. The ex-dividend date is Friday, September 11th. This represents a $2.50 annualized dividend and a yield of 5.1%. Canadian Natural Resources’s payout ratio is presently 44.69%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday. Wall Street Zen upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average target price of $57.00.
Check Out Our Latest Report on Canadian Natural Resources
About Canadian Natural Resources
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.
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