Canadian Natural Resources Limited $CNQ Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 16,459,772 shares of the oil and gas producer’s stock after acquiring an additional 223,444 shares during the period. Canadian Natural Resources comprises about 2.1% of TD Waterhouse Canada Inc.’s holdings, making the stock its 10th largest holding. TD Waterhouse Canada Inc. owned about 0.80% of Canadian Natural Resources worth $784,278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Canadian Natural Resources by 10.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock valued at $1,826,578,000 after purchasing an additional 3,397,500 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Canadian Natural Resources in the first quarter worth $1,411,619,000. Amundi raised its holdings in Canadian Natural Resources by 3.1% in the second quarter. Amundi now owns 8,238,632 shares of the oil and gas producer’s stock worth $325,426,000 after purchasing an additional 244,205 shares in the last quarter. Swiss National Bank lifted its position in Canadian Natural Resources by 26.7% during the first quarter. Swiss National Bank now owns 7,011,862 shares of the oil and gas producer’s stock valued at $341,546,000 after buying an additional 1,475,500 shares during the period. Finally, Bank of Nova Scotia lifted its position in Canadian Natural Resources by 49.9% during the first quarter. Bank of Nova Scotia now owns 6,565,392 shares of the oil and gas producer’s stock valued at $320,189,000 after buying an additional 2,184,892 shares during the period. Institutional investors own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CNQ. Raymond James Financial cut shares of Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a report on Wednesday. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, October 9th. Scotiabank reissued a “sector perform” rating on shares of Canadian Natural Resources in a research report on Friday, August 7th. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Stock Up 3.5%

CNQ stock traded up $1.82 on Friday, reaching $53.77. 8,466,538 shares of the company traded hands, compared to its average volume of 5,242,058. Canadian Natural Resources Limited has a one year low of $29.68 and a one year high of $53.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.75. The company has a market cap of $110.49 billion, a P/E ratio of 13.28 and a beta of 0.53. The firm has a fifty day simple moving average of $49.58 and a 200-day simple moving average of $46.61.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.15. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Research analysts anticipate that Canadian Natural Resources Limited will post 4.10 earnings per share for the current year.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were issued a dividend of C$0.62 per share. The ex-dividend date was Friday, September 11th. This represents a $2.50 annualized dividend and a dividend yield of 4.6%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 44.44%.

Canadian Natural Resources Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development, production, marketing and transportation company headquartered in Calgary, Alberta. The company produces synthetic crude oil, conventional heavy and light crude oil, natural gas liquids and natural gas.

Its operations are concentrated in Western Canada and include oil sands mining and upgrading projects in northern Alberta, conventional and heavy-oil assets, and natural gas production.