Qtron Investments LLC purchased a new stake in shares of Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) during the second quarter, HoldingsChannel.com reports. The firm purchased 16,710 shares of the oil and gas producer’s stock, valued at approximately $452,000.
A number of other large investors have also made changes to their positions in the stock. Icon Wealth Partners LLC purchased a new position in shares of Canadian Natural Resources during the 1st quarter worth approximately $28,000. Zions Bancorporation N.A. purchased a new position in shares of Canadian Natural Resources during the 1st quarter worth approximately $28,000. Bremer Bank National Association purchased a new position in shares of Canadian Natural Resources during the 1st quarter worth approximately $34,000. Huntington National Bank grew its holdings in shares of Canadian Natural Resources by 348.8% during the 2nd quarter. Huntington National Bank now owns 1,333 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 1,036 shares during the period. Finally, Cornerstone Advisors Inc. grew its holdings in shares of Canadian Natural Resources by 245.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,806 shares of the oil and gas producer’s stock worth $50,000 after acquiring an additional 1,283 shares during the period. Institutional investors own 65.10% of the company’s stock.
Shares of CNQ traded down $0.01 during mid-day trading on Friday, reaching $25.34. The company had a trading volume of 2,548,274 shares, compared to its average volume of 2,647,994. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.44 and a current ratio of 0.59. The firm has a 50-day moving average price of $23.96 and a 200 day moving average price of $26.81. Canadian Natural Resources Ltd has a 52 week low of $21.85 and a 52 week high of $33.86. The company has a market capitalization of $30.21 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16.
Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.25. Canadian Natural Resources had a return on equity of 8.62% and a net margin of 22.22%. The firm had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $1.04 EPS. As a group, research analysts forecast that Canadian Natural Resources Ltd will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.284 dividend. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, September 12th. Canadian Natural Resources’s payout ratio is currently 51.63%.
A number of research analysts have weighed in on CNQ shares. Zacks Investment Research downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a report on Monday, July 22nd. Goldman Sachs Group reiterated a “neutral” rating on shares of Canadian Natural Resources in a report on Monday, July 22nd. Wells Fargo & Co downgraded Canadian Natural Resources from a “market perform” rating to an “underperform” rating in a report on Friday, September 6th. Canaccord Genuity reiterated a “buy” rating and set a $53.00 target price on shares of Canadian Natural Resources in a report on Tuesday, July 9th. Finally, CIBC reiterated a “buy” rating and set a $48.00 target price on shares of Canadian Natural Resources in a report on Sunday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $41.88.
Canadian Natural Resources Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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