Canadian Natural Resources Limited $CNQ Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 36.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,459 shares of the oil and gas producer’s stock after acquiring an additional 32,285 shares during the quarter. Engineers Gate Manager LP’s holdings in Canadian Natural Resources were worth $4,798,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Legacy Financial Advisors Inc. increased its stake in Canadian Natural Resources by 3.0% in the second quarter. Legacy Financial Advisors Inc. now owns 7,447 shares of the oil and gas producer’s stock valued at $294,000 after purchasing an additional 219 shares during the period. Personal CFO Solutions LLC grew its holdings in shares of Canadian Natural Resources by 1.7% during the first quarter. Personal CFO Solutions LLC now owns 15,199 shares of the oil and gas producer’s stock worth $747,000 after buying an additional 251 shares during the last quarter. Ted Buchan & Co increased its position in Canadian Natural Resources by 0.6% in the 4th quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock valued at $1,483,000 after acquiring an additional 260 shares during the period. Allworth Financial LP raised its stake in Canadian Natural Resources by 2.5% during the 2nd quarter. Allworth Financial LP now owns 10,854 shares of the oil and gas producer’s stock valued at $429,000 after acquiring an additional 262 shares during the last quarter. Finally, FDx Advisors Inc. lifted its position in Canadian Natural Resources by 2.7% during the 4th quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock worth $349,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNQ shares. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. Zacks Research cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Desjardins upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Canadian Natural Resources in a report on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $50.02 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 1.00. Canadian Natural Resources Limited has a one year low of $29.68 and a one year high of $52.31. The firm has a market capitalization of $103.17 billion, a P/E ratio of 12.35 and a beta of 0.47. The company’s fifty day moving average is $47.11 and its two-hundred day moving average is $46.15.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.43 by $0.15. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. The firm had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Analysts forecast that Canadian Natural Resources Limited will post 4.05 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, September 11th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.69%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited (CNRL) is a Canadian independent crude oil and natural gas exploration, development, production, marketing and refining company headquartered in Calgary, Alberta. The company produces a range of energy products, including heavy and light crude oil, synthetic crude oil, natural gas and natural gas liquids.

CNRL’s operations are concentrated in Western Canada, where it holds significant oil sands, conventional oil and natural gas assets. Its oil sands business includes mining and upgrading operations as well as in situ thermal projects.