Canadian Natural Resources Limited $CNQ Position Increased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 133.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the oil and gas producer’s stock after acquiring an additional 2,400 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Canadian Natural Resources were worth $133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CNQ. Investment Management Corp VA ADV boosted its stake in Canadian Natural Resources by 158.3% in the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 611 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Canadian Natural Resources by 253.2% in the first quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 937 shares in the last quarter. Sierra Ocean LLC boosted its position in shares of Canadian Natural Resources by 104.0% in the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 800 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares during the period. Finally, Adirondack Trust Co. grew its holdings in shares of Canadian Natural Resources by 317.1% during the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. National Bankshares reissued a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Raymond James Financial reissued an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

Canadian Natural Resources Stock Down 0.9%

Shares of Canadian Natural Resources stock opened at $31.48 on Friday. The firm has a market cap of $65.70 billion, a price-to-earnings ratio of 11.16 and a beta of 0.97. The stock has a 50-day simple moving average of $31.26 and a 200-day simple moving average of $30.79. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $37.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 7th. The oil and gas producer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.07. The firm had revenue of $6.39 billion for the quarter, compared to the consensus estimate of $8.97 billion. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities research analysts expect that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be issued a dividend of $0.4269 per share. The ex-dividend date is Friday, September 19th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 5.4%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.42. Canadian Natural Resources’s payout ratio is 60.64%.

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).