JTC Employer Solutions Trustee Ltd lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 15,275.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 615,035 shares of the oil and gas producer’s stock after buying an additional 611,035 shares during the period. Canadian Natural Resources accounts for approximately 1.4% of JTC Employer Solutions Trustee Ltd’s holdings, making the stock its 7th biggest position. JTC Employer Solutions Trustee Ltd’s holdings in Canadian Natural Resources were worth $20,880,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CNQ. Leonteq Securities AG bought a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $31,000. GoalVest Advisory LLC bought a new position in Canadian Natural Resources in the 4th quarter worth about $32,000. Quarry LP bought a new position in Canadian Natural Resources in the 3rd quarter worth about $32,000. LOM Asset Management Ltd bought a new position in Canadian Natural Resources in the 4th quarter worth about $34,000. Finally, Boyd Watterson Asset Management LLC OH bought a new position in Canadian Natural Resources in the 4th quarter worth about $51,000. Institutional investors own 74.03% of the company’s stock.
Canadian Natural Resources Price Performance
NYSE CNQ opened at $45.86 on Friday. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week high of $51.34. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The stock has a market cap of $95.40 billion, a price-to-earnings ratio of 13.69 and a beta of 0.47. The company has a 50-day moving average price of $47.09 and a two-hundred day moving average price of $40.43.
Canadian Natural Resources Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be issued a $0.625 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 5.5%. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.63%.
Analyst Upgrades and Downgrades
Several research firms have commented on CNQ. Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada upped their target price on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Canadian Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.
Get Our Latest Report on Canadian Natural Resources
Canadian Natural Resources Profile
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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