Hurley Capital LLC Has $122,000 Stock Holdings in Canadian Natural Resources Limited $CNQ

Hurley Capital LLC trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 90.7% during the 4th quarter, HoldingsChannel reports. The fund owned 3,604 shares of the oil and gas producer’s stock after selling 35,017 shares during the quarter. Hurley Capital LLC’s holdings in Canadian Natural Resources were worth $122,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CNQ. Manchester Capital Management LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth approximately $28,000. Leonteq Securities AG bought a new position in Canadian Natural Resources in the fourth quarter worth $31,000. GoalVest Advisory LLC bought a new position in Canadian Natural Resources in the fourth quarter worth $32,000. Quarry LP acquired a new stake in Canadian Natural Resources during the third quarter worth $32,000. Finally, LOM Asset Management Ltd acquired a new stake in Canadian Natural Resources during the fourth quarter worth $34,000. Institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CNQ. Royal Bank Of Canada increased their price objective 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. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. Zacks Research cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 8th. ATB Cormark Capital Markets cut shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 5th. Finally, 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 report on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $44.04 on Tuesday. The firm has a market capitalization of $91.67 billion, a P/E ratio of 13.15 and a beta of 0.45. The stock has a fifty day moving average price of $46.39 and a two-hundred day moving average price of $41.51. Canadian Natural Resources Limited has a 52-week low of $29.30 and a 52-week 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.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its 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 company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the previous year, the company earned $1.16 EPS. As a group, analysts anticipate that Canadian Natural Resources Limited will post 4.2 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

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

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.