Point Nemo Capital LLC Acquires 28,820 Shares of Canadian Natural Resources Limited $CNQ

Posted by Geri Gentry on Nov 8th, 2026

Point Nemo Capital LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 17,154.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,988 shares of the oil and gas producer’s stock after buying an additional 28,820 shares during the period. Point Nemo Capital LLC’s holdings in Canadian Natural Resources were worth $1,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNQ. Arrowstreet Capital Limited Partnership acquired a new position in shares of Canadian Natural Resources in the first quarter worth $1,411,619,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Canadian Natural Resources by 10.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock worth $1,826,578,000 after acquiring an additional 3,397,500 shares during the period. Mufg Securities Canada LTD. increased its position in shares of Canadian Natural Resources by 105.7% during the second quarter. Mufg Securities Canada LTD. now owns 6,350,644 shares of the oil and gas producer’s stock worth $250,892,000 after acquiring an additional 3,262,880 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Canadian Natural Resources during the second quarter worth $117,215,000. Finally, Bank of Nova Scotia raised its stake in shares of Canadian Natural Resources by 49.9% in the first quarter. Bank of Nova Scotia now owns 6,565,392 shares of the oil and gas producer’s stock valued at $320,189,000 after acquiring an additional 2,184,892 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.9%

Shares of NYSE:CNQ opened at $48.49 on Friday. Canadian Natural Resources Limited has a fifty-two week low of $30.13 and a fifty-two week high of $56.27. The firm’s 50 day moving average price is $50.82 and its 200 day moving average price is $46.27. 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 stock has a market cap of $99.23 billion, a price-to-earnings ratio of 9.94 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its quarterly earnings results on Thursday, November 5th. The oil and gas producer reported $1.18 EPS for the quarter, topping the consensus estimate of $1.05 by $0.13. Canadian Natural Resources had a net margin of 25.24% and a return on equity of 26.79%. The company had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.79 billion. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 4.10 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th will be given a dividend of C$0.62 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Canadian Natural Resources’s payout ratio is 44.44%.

Canadian Natural Resources News Summary

Here are the key news stories impacting Canadian Natural Resources this week:

Positive Sentiment: Adjusted earnings were C$1.18 per share, above the C$1.05 consensus and up from C$0.62 a year earlier. Net profit reportedly rose to C$3 billion from C$600 million, supported by higher energy prices and production. CNQ beats Q3 earnings estimates
Positive Sentiment: CNQ reached its net-debt target ahead of schedule and plans to accelerate share buybacks, adding to its dividend distributions. That may support shareholder returns. Earnings call highlights: buybacks and production outlook
Positive Sentiment: The company declared a quarterly dividend of C$0.625 per share, payable January 5, 2027. Improved Horizon reliability and strong thermal production also underpin a more favorable fourth-quarter outlook. Quarterly dividend announcement Production outlook and reliability update
Neutral Sentiment: Quarterly revenue of C$8.74 billion narrowly missed analysts’ C$8.79 billion estimate, despite the earnings beat. That modest shortfall may have tempered the market response. CNQ quarterly earnings report

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Desjardins raised Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. Raymond James Financial downgraded Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 14th. Wall Street Zen downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Read Our Latest Stock Analysis on Canadian Natural Resources

About Canadian Natural Resources

(Free Report)

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production and marketing of crude oil, natural gas and natural gas liquids. Its operations span several resource types and production methods, including oil sands mining and upgrading, thermal in situ projects, conventional oil and gas production, and offshore assets.

The company’s principal operating areas are in Western Canada, the United Kingdom’s North Sea and offshore Africa.