Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Boosted by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.8% during the 1st quarter, Holdings Channel reports. The firm owned 33,100,240 shares of the oil and gas producer’s stock after buying an additional 1,519,523 shares during the quarter. Canadian Natural Resources makes up about 1.4% of Mackenzie Financial Corp’s holdings, making the stock its 8th largest holding. Mackenzie Financial Corp’s holdings in Canadian Natural Resources were worth $1,018,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. increased its stake in shares of Canadian Natural Resources by 5.8% during the fourth quarter. American Century Companies Inc. now owns 762,031 shares of the oil and gas producer’s stock worth $23,527,000 after purchasing an additional 41,823 shares in the last quarter. Sei Investments Co. boosted its holdings in Canadian Natural Resources by 7.2% in the 4th quarter. Sei Investments Co. now owns 34,746 shares of the oil and gas producer’s stock worth $1,073,000 after buying an additional 2,341 shares during the last quarter. Prudential Financial Inc. increased its stake in Canadian Natural Resources by 19.9% during the 4th quarter. Prudential Financial Inc. now owns 42,358 shares of the oil and gas producer’s stock worth $1,307,000 after buying an additional 7,016 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Canadian Natural Resources during the 4th quarter worth approximately $643,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Canadian Natural Resources by 4.5% during the fourth quarter. JPMorgan Chase & Co. now owns 13,893,962 shares of the oil and gas producer’s stock valued at $428,907,000 after acquiring an additional 603,314 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CNQ has been the topic of a number of research analyst reports. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a report on Friday, July 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Canadian Natural Resources Price Performance

CNQ stock opened at $31.37 on Monday. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $37.91. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a market capitalization of $65.58 billion, a PE ratio of 12.30 and a beta of 1.03. The business has a 50 day simple moving average of $31.70 and a 200-day simple moving average of $30.38.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. Canadian Natural Resources had a return on equity of 20.90% and a net margin of 16.92%. During the same quarter in the previous year, the company posted $1.37 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Friday, June 13th were issued a $0.4227 dividend. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a yield of 5.39%. Canadian Natural Resources’s dividend payout ratio is currently 67.06%.

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).