LaSalle Street Capital Management LLC grew its position in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,955 shares of the oil and gas producer’s stock after buying an additional 7,803 shares during the quarter. Canadian Natural Resource accounts for approximately 1.5% of LaSalle Street Capital Management LLC’s holdings, making the stock its 19th biggest holding. LaSalle Street Capital Management LLC’s holdings in Canadian Natural Resource were worth $1,305,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Legacy Financial Advisors Inc. acquired a new stake in shares of Canadian Natural Resource during the third quarter valued at $148,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Canadian Natural Resource during the third quarter valued at $153,000. Cubist Systematic Strategies LLC boosted its stake in shares of Canadian Natural Resource by 50.0% during the second quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 1,800 shares during the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Canadian Natural Resource during the third quarter valued at $212,000. Finally, Signaturefd LLC boosted its stake in shares of Canadian Natural Resource by 49.7% during the second quarter. Signaturefd LLC now owns 6,999 shares of the oil and gas producer’s stock valued at $252,000 after acquiring an additional 2,323 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

Shares of NYSE:CNQ opened at $27.26 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. Canadian Natural Resource Ltd has a 12-month low of $26.90 and a 12-month high of $38.20. The stock has a market capitalization of $34.11 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.45. Canadian Natural Resource had a return on equity of 12.33% and a net margin of 15.94%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.71 billion. During the same period last year, the company earned $0.19 EPS. Sell-side analysts expect that Canadian Natural Resource Ltd will post 2.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Monday, December 10th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Friday, December 7th. Canadian Natural Resource’s payout ratio is 124.10%.

A number of analysts recently commented on CNQ shares. ValuEngine lowered Canadian Natural Resource from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. CIBC started coverage on Canadian Natural Resource in a research note on Friday, October 5th. They set a “sector outperform” rating on the stock. Zacks Investment Research lowered Canadian Natural Resource from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Morgan Stanley decreased their price objective on Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, October 12th. Finally, Macquarie lowered Canadian Natural Resource from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.60.

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About Canadian Natural Resource

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). 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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Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

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