Roanoke Asset Management Corp NY Has $2.035 Million Position in Canadian Natural Resource Ltd (CNQ)

Roanoke Asset Management Corp NY increased its stake in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 659.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,055 shares of the oil and gas producer’s stock after buying an additional 53,880 shares during the period. Roanoke Asset Management Corp NY’s holdings in Canadian Natural Resource were worth $2,035,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Integrated Investment Consultants LLC bought a new stake in shares of Canadian Natural Resource during the first quarter valued at about $103,000. Quadrant Capital Group LLC boosted its stake in shares of Canadian Natural Resource by 87.1% in the first quarter. Quadrant Capital Group LLC now owns 3,737 shares of the oil and gas producer’s stock valued at $113,000 after buying an additional 1,740 shares during the last quarter. FTB Advisors Inc. boosted its stake in shares of Canadian Natural Resource by 7.7% in the third quarter. FTB Advisors Inc. now owns 3,507 shares of the oil and gas producer’s stock valued at $115,000 after buying an additional 251 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Canadian Natural Resource by 67.3% in the third quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the oil and gas producer’s stock valued at $164,000 after buying an additional 2,056 shares during the last quarter. Finally, HL Financial Services LLC bought a new stake in shares of Canadian Natural Resource during the third quarter valued at about $206,000. Institutional investors and hedge funds own 68.05% of the company’s stock.

Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

Canadian Natural Resource Ltd (NYSE:CNQ) traded up 0.43% during mid-day trading on Friday, hitting $32.67. The stock had a trading volume of 2,692,852 shares. Canadian Natural Resource Ltd has a one year low of $27.08 and a one year high of $35.28. The stock’s market cap is $36.39 billion. The company has a 50 day moving average price of $32.36 and a 200 day moving average price of $31.80.

Canadian Natural Resource (NYSE:CNQ) last released its quarterly earnings data on Thursday, March 2nd. The oil and gas producer reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.23. Canadian Natural Resource had a negative net margin of 6.42% and a negative return on equity of 4.39%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.52 billion. On average, equities analysts anticipate that Canadian Natural Resource Ltd will post $1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Shareholders of record on Friday, March 17th were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 2.57%. This is a positive change from Canadian Natural Resource’s previous quarterly dividend of $0.19. Canadian Natural Resource’s dividend payout ratio (DPR) is presently -168.18%.

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Several brokerages have recently issued reports on CNQ. Wells Fargo & Co reiterated an “outperform” rating on shares of Canadian Natural Resource in a research note on Saturday, January 14th. TheStreet upgraded Canadian Natural Resource from a “d+” rating to a “c-” rating in a research note on Wednesday, April 12th. Royal Bank of Canada increased their price objective on Canadian Natural Resource from $55.00 to $60.00 and gave the company a “top pick” rating in a research note on Friday, March 10th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resource in a research note on Saturday, March 11th. Finally, TD Securities upgraded Canadian Natural Resource from a “hold” rating to a “buy” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Canadian Natural Resource presently has an average rating of “Buy” and an average target price of $46.91.

Canadian Natural Resource Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

5 Day Chart for NYSE:CNQ

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