Canadian Natural Resources Limited $CNQ Position Raised by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 130,931 shares of the oil and gas producer’s stock after purchasing an additional 18,516 shares during the quarter. Canadian Natural Resources accounts for about 1.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 26th biggest holding. K.J. Harrison & Partners Inc’s holdings in Canadian Natural Resources were worth $6,374,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNQ. Ted Buchan & Co increased its holdings in shares of Canadian Natural Resources by 0.6% in the 4th quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock worth $1,483,000 after acquiring an additional 260 shares during the period. FDx Advisors Inc. boosted its stake in Canadian Natural Resources by 2.7% during the 4th quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock valued at $349,000 after purchasing an additional 270 shares during the period. Peak Financial Advisors LLC grew its position in Canadian Natural Resources by 0.3% in the 1st quarter. Peak Financial Advisors LLC now owns 93,840 shares of the oil and gas producer’s stock worth $4,573,000 after purchasing an additional 290 shares during the last quarter. Ritholtz Wealth Management grew its position in Canadian Natural Resources by 0.9% in the 1st quarter. Ritholtz Wealth Management now owns 32,763 shares of the oil and gas producer’s stock worth $1,597,000 after purchasing an additional 301 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its position in Canadian Natural Resources by 1.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 26,486 shares of the oil and gas producer’s stock worth $897,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Zacks Research cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. Scotiabank raised Canadian Natural Resources to a “hold” rating in a report on Friday, June 26th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. The Goldman Sachs Group raised their target price on Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings downgraded Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $39.63 on Friday. The company has a 50-day moving average of $44.85 and a 200-day moving average of $42.10. The firm has a market cap of $82.27 billion, a price-to-earnings ratio of 11.83 and a beta of 0.47. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. Canadian Natural Resources Limited has a twelve month low of $29.30 and a twelve month high of $51.34.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. The business had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same period in the previous year, the firm earned $1.16 EPS. Analysts forecast that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be issued a $0.625 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 6.3%. Canadian Natural Resources’s dividend payout ratio is currently 54.03%.

About Canadian Natural Resources

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.