Numerai GP LLC Increases Stock Holdings in Canadian Natural Resources Limited $CNQ

Numerai GP LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 102.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,164 shares of the oil and gas producer’s stock after buying an additional 39,049 shares during the period. Numerai GP LLC’s holdings in Canadian Natural Resources were worth $2,466,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CNQ. St. Johns Investment Management Company LLC acquired a new position in Canadian Natural Resources during the third quarter worth about $32,000. Nisa Investment Advisors LLC grew its position in shares of Canadian Natural Resources by 100.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 528 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Canadian Natural Resources by 3,182.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 1,655 shares in the last quarter. Finally, HM Payson & Co. raised its position in shares of Canadian Natural Resources by 309.8% during the 3rd quarter. HM Payson & Co. now owns 1,762 shares of the oil and gas producer’s stock worth $56,000 after purchasing an additional 1,332 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 0.6%

Shares of CNQ opened at $48.75 on Tuesday. The stock has a fifty day moving average of $39.52 and a two-hundred day moving average of $34.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.63 and a current ratio of 0.95. The company has a market capitalization of $101.63 billion, a PE ratio of 13.21 and a beta of 0.62. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $49.07.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, March 5th. The oil and gas producer reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.64 billion. Canadian Natural Resources had a return on equity of 17.84% and a net margin of 24.48%.During the same quarter in the prior year, the company posted $0.93 EPS. As a group, analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Friday, March 20th will be issued a $0.625 dividend. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.59. The ex-dividend date is Friday, March 20th. This represents a $2.50 annualized dividend and a yield of 5.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 45.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CNQ. Evercore lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group boosted their price target on Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Wall Street Zen upgraded Canadian Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research cut Canadian Natural Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Canadian Natural Resources currently has an average rating of “Hold” and a consensus target price of $57.00.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.