Savant Capital LLC Purchases 50,405 Shares of Canadian Natural Resources Limited $CNQ

Savant Capital LLC increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 600.1% during the second quarter, HoldingsChannel.com reports. The fund owned 58,805 shares of the oil and gas producer’s stock after buying an additional 50,405 shares during the quarter. Savant Capital LLC’s holdings in Canadian Natural Resources were worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in shares of Canadian Natural Resources by 29.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 43,968,120 shares of the oil and gas producer’s stock worth $1,354,219,000 after purchasing an additional 9,915,345 shares during the period. Canada Pension Plan Investment Board increased its holdings in Canadian Natural Resources by 13.0% during the first quarter. Canada Pension Plan Investment Board now owns 41,769,153 shares of the oil and gas producer’s stock worth $1,285,464,000 after buying an additional 4,805,451 shares during the last quarter. TD Asset Management Inc raised its position in Canadian Natural Resources by 0.8% in 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 period. Mackenzie Financial Corp boosted its stake in Canadian Natural Resources by 4.8% in the first quarter. Mackenzie Financial Corp now owns 33,100,240 shares of the oil and gas producer’s stock valued at $1,018,469,000 after acquiring an additional 1,519,523 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in shares of Canadian Natural Resources by 1.9% during the 1st quarter. 1832 Asset Management L.P. now owns 31,822,379 shares of the oil and gas producer’s stock valued at $980,129,000 after acquiring an additional 603,101 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CNQ shares. Wells Fargo & Company raised Canadian Natural Resources to a “hold” rating in a report on Thursday, October 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price target 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 given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $32.40 on Wednesday. The company has a market capitalization of $67.56 billion, a P/E ratio of 11.49 and a beta of 0.96. 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 debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a 50 day moving average price of $31.63 and a two-hundred day moving average price of $31.31.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $6.79 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $0.97 EPS. Analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 12th will be paid a $0.5875 dividend. 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. This represents a $2.35 annualized dividend and a dividend yield of 7.3%. Canadian Natural Resources’s payout ratio is 73.89%.

Canadian Natural Resources Company 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).