Metis Global Partners LLC Acquires 6,592 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Metis Global Partners LLC increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.9% in the third quarter, Holdings Channel.com reports. The fund owned 118,698 shares of the oil and gas producer’s stock after buying an additional 6,592 shares during the quarter. Metis Global Partners LLC’s holdings in Canadian Natural Resources were worth $3,942,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Cloverfields Capital Group LP lifted its holdings in Canadian Natural Resources by 0.8% during the 1st quarter. Cloverfields Capital Group LP now owns 32,017 shares of the oil and gas producer’s stock valued at $2,444,000 after buying an additional 253 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in shares of Canadian Natural Resources by 1.1% during the first quarter. Burgundy Asset Management Ltd. now owns 29,908 shares of the oil and gas producer’s stock worth $2,282,000 after acquiring an additional 339 shares during the period. RFP Financial Group LLC raised its stake in shares of Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 352 shares in the last quarter. Park Place Capital Corp grew its position in shares of Canadian Natural Resources by 100.0% during the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 358 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC raised its holdings in shares of Canadian Natural Resources by 100.0% in the second quarter. Sugarloaf Wealth Management LLC now owns 728 shares of the oil and gas producer’s stock valued at $26,000 after acquiring an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CNQ shares. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Wolfe Research began coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Trading Up 2.0 %

NYSE CNQ opened at $34.03 on Friday. The firm has a market cap of $71.92 billion, a PE ratio of 12.95 and a beta of 1.50. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $34.43 and a 200 day moving average price of $35.55.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter last year, the firm earned $0.96 EPS. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.56%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio is 60.58%.

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).