60,189 Shares in Canadian Natural Resources Limited $CNQ Bought by Navellier & Associates Inc.

Navellier & Associates Inc. acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 60,189 shares of the oil and gas producer’s stock, valued at approximately $2,377,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Personal CFO Solutions LLC raised its position in Canadian Natural Resources by 1.7% during the first quarter. Personal CFO Solutions LLC now owns 15,199 shares of the oil and gas producer’s stock valued at $747,000 after acquiring an additional 251 shares in the last quarter. Ted Buchan & Co lifted its stake 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 valued at $1,483,000 after purchasing an additional 260 shares during the last quarter. FDx Advisors Inc. boosted its holdings in Canadian Natural Resources by 2.7% in the fourth quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock worth $349,000 after purchasing an additional 270 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in Canadian Natural Resources by 0.3% in the first 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 in the last quarter. Finally, CoreCap Advisors LLC increased its position in Canadian Natural Resources by 15.4% during the second quarter. CoreCap Advisors LLC now owns 2,202 shares of the oil and gas producer’s stock worth $87,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several recent research reports. Wall Street Zen upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Desjardins raised Canadian Natural Resources to a “hold” rating in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday. Finally, Weiss Ratings upgraded Canadian Natural Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $49.07 on Friday. The company has a market capitalization of $101.20 billion, a PE ratio of 12.12 and a beta of 0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.00 and a quick ratio of 0.75. Canadian Natural Resources Limited has a one year low of $29.68 and a one year high of $51.47. The company’s fifty day moving average price is $44.89 and its 200 day moving average price is $45.44.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.15. Canadian Natural Resources had a net margin of 22.78% and a return on equity of 23.91%. The company had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $9.40 billion. As a group, analysts expect that Canadian Natural Resources Limited will post 4.05 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $2.50 dividend on an annualized basis and a yield of 5.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is 44.69%.

Canadian Natural Resources Profile

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.