700,000 Shares in Canadian Natural Resources Limited $CNQ Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 700,000 shares of the oil and gas producer’s stock, valued at approximately $23,741,000.

A number of other institutional investors also recently modified their holdings of CNQ. Vanguard Personalized Indexing Management LLC increased its holdings in Canadian Natural Resources by 4.4% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 68,031 shares of the oil and gas producer’s stock valued at $2,303,000 after purchasing an additional 2,841 shares in the last quarter. MML Investors Services LLC raised its position in Canadian Natural Resources by 6.2% in the 4th quarter. MML Investors Services LLC now owns 64,759 shares of the oil and gas producer’s stock valued at $2,192,000 after purchasing an additional 3,770 shares during the last quarter. Graybill Wealth Management LTD. raised its position in Canadian Natural Resources by 0.6% in the 4th quarter. Graybill Wealth Management LTD. now owns 124,230 shares of the oil and gas producer’s stock valued at $4,205,000 after purchasing an additional 693 shares during the last quarter. Atlas Capital Advisors Inc. bought a new position in Canadian Natural Resources in the 4th quarter valued at $348,000. Finally, Arete Wealth Advisors LLC raised its position in Canadian Natural Resources by 4.2% in the 4th quarter. Arete Wealth Advisors LLC now owns 8,391 shares of the oil and gas producer’s stock valued at $284,000 after purchasing an additional 337 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

CNQ opened at $44.04 on Tuesday. Canadian Natural Resources Limited has a one year low of $29.30 and a one year high of $51.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. The company’s 50 day simple moving average is $46.39 and its 200-day simple moving average is $41.51. The stock has a market capitalization of $91.67 billion, a P/E ratio of 13.15 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate 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 business had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. Sell-side analysts anticipate that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio is 54.63%.

Analyst Ratings Changes

Several equities analysts have issued reports on CNQ shares. The Goldman Sachs Group lifted their price objective on Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. Royal Bank Of Canada lifted their price objective on Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. Finally, Raymond James Financial upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.