X Square Capital LLC Purchases New Holdings in Canadian Natural Resources Limited $CNQ

Posted by Brian Himes on Aug 23rd, 2026

X Square Capital LLC acquired a new position in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) in the second quarter, Holdings Channel reports. The firm acquired 22,000 shares of the oil and gas producer’s stock, valued at approximately $869,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Canadian Natural Resources during the 4th quarter worth approximately $25,000. Trust Co. of Vermont purchased a new stake in shares of Canadian Natural Resources in the second quarter valued at $26,000. CX Institutional purchased a new stake in shares of Canadian Natural Resources in the second quarter valued at $28,000. Manchester Capital Management LLC acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth $28,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Canadian Natural Resources in the first quarter worth $29,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 0.8%

CNQ stock opened at $51.42 on Friday. The company has a 50 day moving average of $44.15 and a two-hundred day moving average of $45.02. The company has a market cap of $106.05 billion, a price-to-earnings ratio of 12.70 and a beta of 0.46. Canadian Natural Resources Limited has a 12-month low of $29.68 and a 12-month high of $51.48. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.43 by $0.15. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $9.40 billion. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 4.05 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 Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.50 dividend on an annualized basis and a yield of 4.9%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.69%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Desjardins upgraded Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Canadian Natural Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

View Our Latest Research Report on Canadian Natural Resources

About Canadian Natural Resources

(Free Report)

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.