Thurston Springer Miller Herd & Titak Inc. Has $159,000 Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,165 shares of the oil and gas producer’s stock after acquiring an additional 480 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Canadian Natural Resources were worth $159,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Duncker Streett & Co. Inc. acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $25,000. Sandy Spring Bank acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. CoreFirst Bank & Trust acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. Finally, Hurley Capital LLC acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $31.55 on Friday. The business’s 50-day moving average price is $29.46 and its 200-day moving average price is $30.40. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $37.91. The firm has a market capitalization of $66.09 billion, a price-to-earnings ratio of 12.25 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $10.14 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the previous year, the firm earned $1.37 earnings per share. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be paid a $0.4227 dividend. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date is Friday, June 13th. Canadian Natural Resources’s payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

CNQ has been the subject of several research reports. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a report on Friday, March 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Canadian Natural Resources in a research report on Thursday, March 27th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 9th. Finally, Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Canadian Natural Resources Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).