Canadian Natural Resources Limited (NYSE:CNQ) Plans Quarterly Dividend of C$0.62

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 15th will be paid a dividend of C$0.62 per share by the oil and gas producer on Tuesday, January 5th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

Canadian Natural Resources has increased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 24 consecutive years. Canadian Natural Resources has a dividend payout ratio of 74.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Canadian Natural Resources to earn $4.00 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 45.0%.

Canadian Natural Resources Trading Down 1.4%

NYSE CNQ traded down $0.71 during trading on Thursday, reaching $48.93. 10,389,622 shares of the stock traded hands, compared to its average volume of 8,905,493. The firm has a market cap of $100.12 billion, a price-to-earnings ratio of 12.08 and a beta of 0.45. The stock’s 50-day moving average price is $50.86 and its 200 day moving average price is $46.13. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. Canadian Natural Resources has a fifty-two week low of $30.13 and a fifty-two week high of $56.27.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, November 5th. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. Analysts predict that Canadian Natural Resources will post 4.10 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Canadian Natural Resources by 4.6% in the 3rd quarter. Brighton Jones LLC now owns 11,219 shares of the oil and gas producer’s stock worth $528,000 after acquiring an additional 489 shares in the last quarter. Point Nemo Capital LLC boosted its position in shares of Canadian Natural Resources by 17,154.8% during the 3rd quarter. Point Nemo Capital LLC now owns 28,988 shares of the oil and gas producer’s stock valued at $1,364,000 after purchasing an additional 28,820 shares in the last quarter. Ethic Inc. bought a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at about $262,000. Verus Capital Partners LLC boosted its position in shares of Canadian Natural Resources by 5.4% during the 3rd quarter. Verus Capital Partners LLC now owns 9,727 shares of the oil and gas producer’s stock valued at $458,000 after purchasing an additional 500 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Canadian Natural Resources by 13.1% during the third quarter. Parallel Advisors LLC now owns 8,441 shares of the oil and gas producer’s stock worth $397,000 after purchasing an additional 977 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Natural Resources

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. Its portfolio includes conventional and unconventional petroleum assets, heavy crude oil operations, and oil sands projects that produce bitumen and synthetic crude oil.

The company’s principal operations are located in Western Canada, including oil sands and conventional assets in Alberta and natural gas properties in Alberta and British Columbia.