K.J. Harrison & Partners Inc Sells 66,151 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

K.J. Harrison & Partners Inc decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,675 shares of the oil and gas producer’s stock after selling 66,151 shares during the period. Canadian Natural Resources comprises 2.0% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 7th largest holding. K.J. Harrison & Partners Inc’s holdings in Canadian Natural Resources were worth $10,031,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CNQ. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Sandy Spring Bank bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. CoreFirst Bank & Trust bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. Finally, Hurley Capital LLC bought a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 1.5%

CNQ opened at $31.45 on Friday. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $65.78 billion, a price-to-earnings ratio of 12.33 and a beta of 1.03. The business has a 50 day moving average of $30.94 and a 200-day moving average of $30.30.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.08. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $1.37 earnings per share. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be given a $0.4227 dividend. This represents a $1.69 annualized dividend and a dividend yield of 5.38%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, June 13th. Canadian Natural Resources’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNQ. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $63.00 target price on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

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).