Heathbridge Capital Management Ltd. Raises Holdings in Canadian Natural Resources Limited $CNQ

Heathbridge Capital Management Ltd. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,300 shares of the oil and gas producer’s stock after purchasing an additional 36,600 shares during the period. Canadian Natural Resources comprises about 4.2% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 12th largest position. Heathbridge Capital Management Ltd.’s holdings in Canadian Natural Resources were worth $10,939,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in Canadian Natural Resources during the 2nd quarter worth approximately $27,000. Addison Advisors LLC boosted its holdings in shares of Canadian Natural Resources by 309.1% in the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 677 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Canadian Natural Resources by 47.3% during the first 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. increased its holdings in shares of Canadian Natural Resources by 317.1% in the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after acquiring an additional 1,300 shares during the period. Finally, Bruce G. Allen Investments LLC raised its position in Canadian Natural Resources by 116.7% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,788 shares of the oil and gas producer’s stock valued at $56,000 after purchasing an additional 963 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Zacks Research downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research note on Wednesday, September 24th. Finally, Desjardins downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.00.

More Canadian Natural Resources News

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Zacks Research raised multiple quarterly and annual EPS forecasts for CNQ — including Q4 2025 to $0.56 (from $0.55), Q1 2026 to $0.50 (from $0.49), Q4 2026 to $0.52 (from $0.50), Q1 2027 to $0.67 (from $0.66), Q2 2027 to $0.47 (from $0.46) and Q3 2027 to $0.70 (from $0.69). They also lifted FY2026 to $2.04 (from $2.01) and FY2027 to $2.49 (from $2.45). These upward tweaks signal a marginally improved earnings outlook. MarketBeat CNQ coverage
• Positive Sentiment: Despite the estimate increases, Zacks maintained a “Hold” rating — meaning the firm views the changes as incremental and not yet a catalyst for a stronger buy recommendation. MarketBeat CNQ coverage

Canadian Natural Resources Trading Up 0.4%

Shares of Canadian Natural Resources stock opened at $32.95 on Thursday. The firm has a market cap of $68.62 billion, a price-to-earnings ratio of 14.58 and a beta of 0.70. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $35.12. The company’s 50-day simple moving average is $32.49 and its 200-day simple moving average is $31.92. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.81 billion. Canadian Natural Resources had a return on equity of 18.93% and a net margin of 14.90%.During the same quarter in the previous year, the company earned $0.97 EPS. As a group, equities research 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 Tuesday, January 6th. Investors of record on Friday, December 12th will be issued a dividend of $0.5875 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. This represents a $2.35 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, December 12th. Canadian Natural Resources’s dividend payout ratio is currently 74.34%.

Canadian Natural Resources Profile

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.