Canadian Natural Resources Limited $CNQ Shares Acquired by RD Lewis Holdings Inc.

RD Lewis Holdings Inc. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 51,112 shares of the oil and gas producer’s stock after buying an additional 5,483 shares during the period. Canadian Natural Resources accounts for approximately 1.6% of RD Lewis Holdings Inc.’s portfolio, making the stock its 26th largest holding. RD Lewis Holdings Inc.’s holdings in Canadian Natural Resources were worth $1,555,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in shares of Canadian Natural Resources during the 2nd quarter worth $27,000. Addison Advisors LLC increased its stake in Canadian Natural Resources by 309.1% in the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 677 shares during the last quarter. Investment Management Corp VA ADV lifted its position in Canadian Natural Resources by 158.3% during the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 611 shares during the period. Geneos Wealth Management Inc. boosted its stake in Canadian Natural Resources by 47.3% in the 1st 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 last quarter. Finally, Adirondack Trust Co. boosted its stake in Canadian Natural Resources by 317.1% in the 2nd quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock worth $54,000 after buying an additional 1,300 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CNQ shares. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Wednesday, September 24th. Raymond James Financial restated an “outperform” rating on shares of Canadian Natural Resources in a report on Friday, August 8th. Finally, Wells Fargo & Company raised Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $33.44 on Friday. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $34.97. The firm has a fifty day moving average of $32.02 and a 200-day moving average of $31.53. The firm has a market capitalization of $69.66 billion, a P/E ratio of 11.86 and a beta of 0.96. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.38.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The firm had revenue of $6.79 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the company earned $0.97 EPS. As a group, analysts predict that Canadian Natural Resources Limited will post 2.45 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 12th will be paid a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 7.0%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, December 12th. Canadian Natural Resources’s payout ratio is 73.89%.

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).