Louisbourg Investments Inc. Sells 45,260 Shares of Canadian Natural Resources Limited $CNQ

Louisbourg Investments Inc. trimmed its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,837 shares of the oil and gas producer’s stock after selling 45,260 shares during the period. Louisbourg Investments Inc.’s holdings in Canadian Natural Resources were worth $4,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CNQ. GoalVest Advisory LLC purchased a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $32,000. St. Johns Investment Management Company LLC purchased a new position in Canadian Natural Resources in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC boosted its stake in Canadian Natural Resources by 100.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 500 shares during the period. Quarry LP purchased a new stake in Canadian Natural Resources during the 3rd quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 528 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

CNQ has been the topic of several research analyst reports. Raymond James Financial downgraded shares of Canadian Natural Resources from a “moderate buy” rating to a “hold” rating in a report on Monday. Royal Bank Of Canada raised 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 note on Friday, March 6th. ATB Cormark Capital Markets downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Zacks Research downgraded shares of Canadian Natural Resources from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded Canadian Natural Resources from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Canadian Natural Resources Price Performance

CNQ stock opened at $47.49 on Friday. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $51.34. The company has a quick ratio of 0.63, a current ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $43.53 and a two-hundred day simple moving average of $36.40. The firm has a market capitalization of $99.07 billion, a P/E ratio of 12.87 and a beta of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, March 5th. The oil and gas producer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.64 billion. Canadian Natural Resources had a net margin of 24.48% and a return on equity of 17.84%. During the same period in the previous year, the firm posted $0.93 EPS. Analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Friday, March 20th will be given a $0.625 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.59. This represents a $2.50 annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, March 20th. Canadian Natural Resources’s dividend payout ratio (DPR) is 49.59%.

About Canadian Natural Resources

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.