Canadian Natural Resources Limited $CNQ Shares Sold by Stokes Capital Advisors LLC

Stokes Capital Advisors LLC lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 187,053 shares of the oil and gas producer’s stock after selling 35,557 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Canadian Natural Resources were worth $5,978,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Picton Mahoney Asset Management purchased a new stake in Canadian Natural Resources during the 2nd quarter worth approximately $162,575,000. Canada Pension Plan Investment Board raised its stake in shares of Canadian Natural Resources by 13.0% in the first quarter. Canada Pension Plan Investment Board now owns 41,769,153 shares of the oil and gas producer’s stock worth $1,285,464,000 after purchasing an additional 4,805,451 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Canadian Natural Resources by 3.4% during the second quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock worth $2,852,024,000 after purchasing an additional 3,003,542 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Canadian Natural Resources by 19.8% during the second quarter. Geode Capital Management LLC now owns 17,146,792 shares of the oil and gas producer’s stock worth $548,214,000 after purchasing an additional 2,832,155 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Canadian Natural Resources by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 27,359,777 shares of the oil and gas producer’s stock valued at $855,414,000 after buying an additional 2,546,233 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Down 1.1%

CNQ stock opened at $31.52 on Friday. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $35.12. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. The firm has a market cap of $65.65 billion, a P/E ratio of 13.95 and a beta of 0.70. The company’s 50-day simple moving average is $32.38 and its 200-day simple moving average is $31.87.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Canadian Natural Resources had a return on equity of 18.93% and a net margin of 14.90%.The company had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. As a group, equities analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 12th will be issued a $0.5875 dividend. This represents a $2.35 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, December 12th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s payout ratio is presently 74.34%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Wednesday, September 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. Finally, TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).