30,000 Shares in Canadian Natural Resources Limited $CNQ Bought by Fore Capital LLC

Fore Capital LLC bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 30,000 shares of the oil and gas producer’s stock, valued at approximately $1,016,000. Canadian Natural Resources makes up approximately 0.3% of Fore Capital LLC’s portfolio, making the stock its 21st biggest position.

Several other institutional investors also recently bought and sold shares of the stock. Ted Buchan & Co raised its holdings in Canadian Natural Resources by 0.6% during the fourth quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock valued at $1,483,000 after buying an additional 260 shares in the last quarter. FDx Advisors Inc. raised its holdings in Canadian Natural Resources by 2.7% during the fourth quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock valued at $349,000 after buying an additional 270 shares in the last quarter. Tacita Capital Inc raised its holdings in Canadian Natural Resources by 6.1% during the third quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock valued at $184,000 after buying an additional 330 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Canadian Natural Resources by 1.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 26,486 shares of the oil and gas producer’s stock valued at $897,000 after buying an additional 330 shares in the last quarter. Finally, Rathbones Group PLC raised its holdings in Canadian Natural Resources by 1.3% during the fourth quarter. Rathbones Group PLC now owns 26,308 shares of the oil and gas producer’s stock valued at $892,000 after buying an additional 350 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CNQ. ATB Cormark Capital Markets lowered Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th. Scotiabank restated an “outperform” rating on shares of Canadian Natural Resources in a report on Wednesday, May 20th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings lowered Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group lifted their price objective on Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Trading Down 0.2%

Canadian Natural Resources stock opened at $47.62 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98. The business’s 50-day simple moving average is $46.85 and its 200-day simple moving average is $40.93. The firm has a market capitalization of $99.11 billion, a PE ratio of 14.21 and a beta of 0.45. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week high of $51.34.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same period in the previous year, the company posted $1.16 earnings per share. Equities research analysts forecast that Canadian Natural Resources Limited will post 4.2 earnings per share for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be paid a $0.625 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.3%. Canadian Natural Resources’s payout ratio is presently 54.63%.

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.