Canadian Natural Resources Limited $CNQ Shares Sold by Yacktman Asset Management LP

Yacktman Asset Management LP decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,126,877 shares of the oil and gas producer’s stock after selling 5,139,330 shares during the quarter. Canadian Natural Resources comprises approximately 9.3% of Yacktman Asset Management LP’s investment portfolio, making the stock its biggest holding. Yacktman Asset Management LP owned about 1.06% of Canadian Natural Resources worth $694,784,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in Canadian Natural Resources during the 2nd quarter worth approximately $27,000. Investment Management Corp VA ADV boosted its stake in Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 611 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 528 shares during the last quarter. Adirondack Trust Co. boosted its stake in Canadian Natural Resources by 317.1% during the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock worth $54,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its stake in Canadian Natural Resources by 116.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,788 shares of the oil and gas producer’s stock worth $56,000 after acquiring an additional 963 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

NYSE CNQ opened at $31.87 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $35.03. The company has a market capitalization of $66.46 billion, a PE ratio of 11.30 and a beta of 0.96. The firm’s 50 day moving average is $31.61 and its 200-day moving average is $31.22.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The company had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $8.97 billion. During the same period last year, the company earned $0.88 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on CNQ shares. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, October 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.00.

Canadian Natural Resources 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).