Raymond James & Associates Has $3.67 Million Position in Canadian Natural Resource Ltd (CNQ)

Raymond James & Associates cut its holdings in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,705 shares of the oil and gas producer’s stock after selling 5,334 shares during the quarter. Raymond James & Associates’ holdings in Canadian Natural Resource were worth $3,669,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CNQ. The Manufacturers Life Insurance Company raised its stake in Canadian Natural Resource by 39.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,882,795 shares of the oil and gas producer’s stock valued at $388,734,000 after buying an additional 3,074,138 shares during the last quarter. Mackenzie Financial Corp raised its stake in Canadian Natural Resource by 64.3% during the 4th quarter. Mackenzie Financial Corp now owns 10,423,026 shares of the oil and gas producer’s stock valued at $372,310,000 after buying an additional 4,080,120 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in Canadian Natural Resource by 17.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 6,597,725 shares of the oil and gas producer’s stock valued at $235,623,000 after buying an additional 995,416 shares during the last quarter. Brandywine Global Investment Management LLC raised its stake in Canadian Natural Resource by 0.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 6,402,553 shares of the oil and gas producer’s stock valued at $228,699,000 after buying an additional 40,327 shares during the last quarter. Finally, Cambiar Investors LLC raised its stake in Canadian Natural Resource by 1.3% during the 4th quarter. Cambiar Investors LLC now owns 6,044,493 shares of the oil and gas producer’s stock valued at $215,909,000 after buying an additional 76,683 shares during the last quarter. 60.30% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

NYSE:CNQ opened at $33.80 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $39,780.52, a PE ratio of 0.09, a P/E/G ratio of 3.24 and a beta of 1.33. Canadian Natural Resource Ltd has a one year low of $27.52 and a one year high of $37.63.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, March 1st. The oil and gas producer reported $368.52 EPS for the quarter, topping the consensus estimate of $0.30 by $368.22. The firm had revenue of $3.95 billion during the quarter, compared to analyst estimates of $3.56 billion. Canadian Natural Resource had a return on equity of 4.21% and a net margin of 14.29%. sell-side analysts expect that Canadian Natural Resource Ltd will post 1.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 16th were paid a $0.261 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.09%. This is a positive change from Canadian Natural Resource’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, March 15th. Canadian Natural Resource’s dividend payout ratio is 125.30%.

Canadian Natural Resource announced that its board has approved a stock repurchase program on Wednesday, March 14th that authorizes the company to repurchase 61,300,000 shares. This repurchase authorization authorizes the oil and gas producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

A number of equities research analysts have weighed in on CNQ shares. AltaCorp Capital reiterated a “buy” rating and set a $52.00 target price on shares of Canadian Natural Resource in a research note on Monday, January 15th. UBS started coverage on shares of Canadian Natural Resource in a research note on Wednesday, March 7th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Canadian Natural Resource from a “buy” rating to a “hold” rating in a research note on Thursday, March 15th. Wells Fargo lowered shares of Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th. Finally, Morgan Stanley boosted their target price on shares of Canadian Natural Resource from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.67.

WARNING: “Raymond James & Associates Has $3.67 Million Position in Canadian Natural Resource Ltd (CNQ)” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3334188/raymond-james-associates-has-3-67-million-position-in-canadian-natural-resource-ltd-cnq.html.

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.

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

Receive News & Ratings for Canadian Natural Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resource and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Scorpio Bulkers  Earns Daily Coverage Optimism Score of 0.11
Scorpio Bulkers Earns Daily Coverage Optimism Score of 0.11
Calumet Specialty Products Partners  Given Coverage Optimism Rating of 0.18
Calumet Specialty Products Partners Given Coverage Optimism Rating of 0.18
Limelight Networks  Earning Somewhat Positive Media Coverage, Study Shows
Limelight Networks Earning Somewhat Positive Media Coverage, Study Shows
Reviewing SSAB Svenskt Stal  and Haynes International
Reviewing SSAB Svenskt Stal and Haynes International
Head-To-Head Comparison: Minerals Technologies  & Luxfer
Head-To-Head Comparison: Minerals Technologies & Luxfer
Enova International  versus Credit Acceptance  Head to Head Contrast
Enova International versus Credit Acceptance Head to Head Contrast


© 2006-2018 Ticker Report. Google+.