One Capital Management LLC Buys Shares of 30,956 Canadian Natural Resources Limited $CNQ

One Capital Management LLC bought a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 30,956 shares of the oil and gas producer’s stock, valued at approximately $1,050,000.

Other large investors also recently bought and sold shares of the company. Leonteq Securities AG acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $31,000. GoalVest Advisory LLC acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $32,000. LOM Asset Management Ltd acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $34,000. Quarry LP acquired a new position in Canadian Natural Resources in the third quarter valued at about $32,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 1.1%

CNQ stock opened at $47.75 on Thursday. The company’s 50 day moving average price is $46.87 and its 200 day moving average price is $40.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98. Canadian Natural Resources Limited has a fifty-two week low of $29.30 and a fifty-two week high of $51.34. The firm has a market capitalization of $99.37 billion, a price-to-earnings ratio of 14.25 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 4.2 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio is presently 54.63%.

Analysts Set New Price Targets

A number of research analysts have commented on CNQ shares. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. Royal Bank Of Canada upped their target price on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. ATB Cormark Capital Markets lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

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.