21,480 Shares in Canadian Natural Resources Limited $CNQ Bought by Foster & Motley Inc.

Foster & Motley Inc. bought a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 2nd quarter, Holdings Channel.com reports. The fund bought 21,480 shares of the oil and gas producer’s stock, valued at approximately $848,000.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in Canadian Natural Resources in the second quarter valued at approximately $26,000. CX Institutional purchased a new position in Canadian Natural Resources in the second quarter worth $28,000. Manchester Capital Management LLC acquired a new position in shares of Canadian Natural Resources during the fourth quarter worth $28,000. Finally, Axiom Investment Management LLC purchased a new stake in shares of Canadian Natural Resources during the 1st quarter valued at $29,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CNQ has been the topic of several recent analyst reports. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. TD Securities reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, August 7th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $49.56 on Thursday. Canadian Natural Resources Limited has a 52 week low of $29.43 and a 52 week high of $51.34. The business’s 50 day moving average price is $43.91 and its 200 day moving average price is $44.88. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.32. The firm has a market cap of $102.22 billion, a P/E ratio of 12.24 and a beta of 0.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.43 by $0.15. The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $9.40 billion. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 4.05 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, September 11th. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 44.69%.

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.