Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by CoreCap Advisors LLC

CoreCap Advisors LLC lessened its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,134 shares of the oil and gas producer’s stock after selling 1,005 shares during the quarter. CoreCap Advisors LLC’s holdings in Canadian Natural Resources were worth $158,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crestline Management LP grew its holdings in shares of Canadian Natural Resources by 19.7% in the fourth quarter. Crestline Management LP now owns 50,977 shares of the oil and gas producer’s stock valued at $1,574,000 after purchasing an additional 8,391 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Canadian Natural Resources by 10.6% in the 4th quarter. Cetera Investment Advisers now owns 84,787 shares of the oil and gas producer’s stock valued at $2,617,000 after acquiring an additional 8,148 shares during the last quarter. Centiva Capital LP raised its position in shares of Canadian Natural Resources by 85.7% during the 4th quarter. Centiva Capital LP now owns 59,584 shares of the oil and gas producer’s stock worth $1,839,000 after acquiring an additional 27,503 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in Canadian Natural Resources during the fourth quarter worth approximately $276,000. Finally, Cary Street Partners Financial LLC purchased a new position in Canadian Natural Resources in the fourth quarter valued at approximately $366,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 2.9%

CNQ opened at $31.40 on Tuesday. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $38.86. The business has a 50 day moving average price of $29.06 and a two-hundred day moving average price of $30.75. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market cap of $65.78 billion, a PE ratio of 12.20 and a beta of 1.04.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the prior year, the company posted $1.37 earnings per share. As a group, research analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.4227 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.69 dividend on an annualized basis and a yield of 5.38%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.41. Canadian Natural Resources’s dividend payout ratio (DPR) is 63.92%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $63.00 target price on shares of Canadian Natural Resources in a report on Thursday, March 27th. Evercore ISI upgraded Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Raymond James upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 9th. Finally, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).