Canadian Natural Resources Limited $CNQ Stock Sold by Beutel Goodman & Co Ltd.

Posted by George Bondi on Nov 10th, 2026

Beutel Goodman & Co Ltd. trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,326,804 shares of the oil and gas producer’s stock after selling 567,901 shares during the period. Canadian Natural Resources makes up approximately 2.4% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 11th largest holding. Beutel Goodman & Co Ltd.’s holdings in Canadian Natural Resources were worth $298,258,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in Canadian Natural Resources in the first quarter worth about $1,411,619,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Canadian Natural Resources by 10.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock valued at $1,826,578,000 after buying an additional 3,397,500 shares during the period. Mufg Securities Canada LTD. increased its stake in Canadian Natural Resources by 105.7% during the 2nd quarter. Mufg Securities Canada LTD. now owns 6,350,644 shares of the oil and gas producer’s stock valued at $250,892,000 after buying an additional 3,262,880 shares during the period. Bank of New York Mellon Corp acquired a new position in Canadian Natural Resources during the 2nd quarter valued at about $117,215,000. Finally, Bank of Nova Scotia increased its stake in Canadian Natural Resources by 49.9% during the 1st 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 buying an additional 2,184,892 shares during the period. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Trading Down 1.1%

Shares of Canadian Natural Resources stock opened at $48.04 on Tuesday. 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 $98.30 billion, a price-to-earnings ratio of 13.64 and a beta of 0.45. The business has a fifty day simple moving average of $50.80 and a 200-day simple moving average of $46.33. Canadian Natural Resources Limited has a fifty-two week low of $30.13 and a fifty-two week high of $56.27.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last announced its earnings results on Thursday, November 5th. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.13. The business had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $8.79 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. On average, equities analysts forecast that Canadian Natural Resources Limited will post 4.10 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 15th will be issued a C$0.62 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, December 15th. Canadian Natural Resources’s dividend payout ratio is presently 36.89%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Desjardins upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, July 16th. Raymond James Financial cut shares of Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 14th. Wall Street Zen lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, October 9th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Read Our Latest Stock Report on CNQ

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.