Canadian Natural Resources Limited $CNQ Stock Holdings Trimmed by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC lessened its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 47.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,942 shares of the oil and gas producer’s stock after selling 10,950 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian Natural Resources were worth $583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CNQ. Personal CFO Solutions LLC increased 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 valued at $747,000 after purchasing an additional 251 shares during the period. Ted Buchan & Co lifted its holdings in Canadian Natural Resources by 0.6% in the fourth quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock worth $1,483,000 after purchasing an additional 260 shares during the period. FDx Advisors Inc. grew its position in Canadian Natural Resources by 2.7% in the 4th quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock valued at $349,000 after buying an additional 270 shares in the last quarter. Peak Financial Advisors LLC grew its position in Canadian Natural Resources by 0.3% in the 1st quarter. Peak Financial Advisors LLC now owns 93,840 shares of the oil and gas producer’s stock valued at $4,573,000 after buying an additional 290 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in Canadian Natural Resources by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 32,763 shares of the oil and gas producer’s stock valued at $1,597,000 after buying an additional 301 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Desjardins upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Raymond James Financial upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 7th. Scotiabank raised Canadian Natural Resources to a “hold” rating in a report on Friday, June 26th. Finally, Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Trading Down 1.2%

Shares of CNQ stock opened at $46.45 on Friday. The stock has a 50-day simple moving average of $43.96 and a 200 day simple moving average of $43.20. The stock has a market capitalization of $96.40 billion, a P/E ratio of 13.86 and a beta of 0.47. Canadian Natural Resources Limited has a fifty-two week low of $29.30 and a fifty-two week high of $51.34. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping 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 firm had revenue of $7.72 billion for the quarter, compared to analysts’ expectations of $7.57 billion. During the same period in the previous year, the business earned $1.16 earnings per share. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 3.89 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd were paid a $0.625 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 5.4%. Canadian Natural Resources’s payout ratio is currently 54.03%.

Canadian Natural Resources Company 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.