43,268 Shares in Canadian Natural Resources Limited $CNQ Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 43,268 shares of the oil and gas producer’s stock, valued at approximately $1,359,000.

Other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Canadian Natural Resources during the second quarter worth about $27,000. Addison Advisors LLC lifted its holdings in shares of Canadian Natural Resources by 309.1% in the 2nd quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 677 shares during the last quarter. Investment Management Corp VA ADV increased its position in shares of Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 611 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 528 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in shares of Canadian Natural Resources by 317.1% in the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 1,300 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 0.4%

CNQ stock opened at $32.59 on Thursday. The company’s 50 day moving average is $31.65 and its two-hundred day moving average is $31.32. The stock has a market cap of $67.95 billion, a P/E ratio of 11.56 and a beta of 0.96. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $34.97. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period last year, the firm earned $0.97 EPS. Research analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be paid a $0.5875 dividend. This represents a $2.35 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 12th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s dividend payout ratio is presently 73.89%.

Wall Street Analyst Weigh In

Several research firms have commented on CNQ. Weiss Ratings restated a “hold (c)” rating on shares of Canadian Natural Resources in a report on Wednesday, October 8th. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, October 16th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

About Canadian Natural Resources

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).