Schroder Investment Management Group increased its position in Canadian Natural Resources Ltd. (NYSE:CNQ) by 2,205.9% during the second quarter, Holdings Channel reports. The firm owned 6,272 shares of the company’s stock after buying an additional 6,000 shares during the period. Schroder Investment Management Group’s holdings in Canadian Natural Resources were worth $250,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Societe Generale acquired a new position in shares of Canadian Natural Resources during the second quarter worth $114,000. SG Americas Securities LLC acquired a new position in shares of Canadian Natural Resources during the second quarter worth $114,000. Glenmede Trust Co. NA increased its position in shares of Canadian Natural Resources by 11.4% in the second quarter. Glenmede Trust Co. NA now owns 4,577 shares of the company’s stock worth $140,000 after buying an additional 467 shares in the last quarter. Financial Architects Inc acquired a new position in shares of Canadian Natural Resources during the second quarter worth $155,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Canadian Natural Resources during the second quarter worth $208,000. 69.22% of the stock is currently owned by institutional investors.
Canadian Natural Resources Ltd. (NYSE:CNQ) traded up 2.54% during trading on Wednesday, reaching $29.85. The company’s stock had a trading volume of 1,527,018 shares. The firm’s 50-day moving average is $31.13 and its 200-day moving average is $29.76. The stock’s market cap is $32.88 billion. Canadian Natural Resources Ltd. has a 52-week low of $14.60 and a 52-week high of $32.94.
Canadian Natural Resources (NYSE:CNQ) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. The company earned $2.55 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Canadian Natural Resources had a negative return on equity of 2.36% and a negative net margin of 3.88%. Equities research analysts forecast that Canadian Natural Resources Ltd. will post ($0.57) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Friday, September 16th will be issued a $0.1764 dividend. This represents a $0.71 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, September 14th. Canadian Natural Resources’s payout ratio is -236.66%.
A number of research analysts have recently weighed in on the company. Bank of America Corp. assumed coverage on Canadian Natural Resources in a report on Friday, August 19th. They set a “buy” rating and a $38.00 price target on the stock. RBC Capital Markets reiterated a “top pick” rating and set a $51.00 price target on shares of Canadian Natural Resources in a report on Monday, August 29th. TD Securities reiterated a “hold” rating and set a $40.00 price target on shares of Canadian Natural Resources in a report on Wednesday, August 10th. Scotiabank restated an “outperform” rating and issued a $44.00 target price on shares of Canadian Natural Resources in a research note on Wednesday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price on Canadian Natural Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $39.07.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.
Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Ltd. (NYSE:CNQ).
Receive News & Ratings for Canadian Natural Resources Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.