MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd Sells 13,125 Shares of Canadian Natural Resources Limited $CNQ

MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd cut its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,770 shares of the oil and gas producer’s stock after selling 13,125 shares during the quarter. Canadian Natural Resources accounts for 3.3% of MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings, making the stock its 10th largest holding. MORGUARD LINCLUDEN GLOBAL INVESTMENTS Ltd’s holdings in Canadian Natural Resources were worth $25,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Canadian Natural Resources by 10.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,457,500 shares of the oil and gas producer’s stock worth $1,826,578,000 after acquiring an additional 3,397,500 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Canadian Natural Resources during the 1st quarter valued at about $1,411,619,000. TD Waterhouse Canada Inc. boosted its holdings in Canadian Natural Resources by 1.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 16,459,772 shares of the oil and gas producer’s stock valued at $784,278,000 after acquiring an additional 223,444 shares during the period. Amundi boosted its holdings in Canadian Natural Resources by 2.8% during the 1st quarter. Amundi now owns 7,994,427 shares of the oil and gas producer’s stock valued at $389,568,000 after acquiring an additional 217,437 shares during the period. Finally, Swiss National Bank grew its position in Canadian Natural Resources by 26.7% in the 1st quarter. Swiss National Bank now owns 7,011,862 shares of the oil and gas producer’s stock valued at $341,546,000 after acquiring an additional 1,475,500 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 1.4%

Canadian Natural Resources stock opened at $54.80 on Thursday. Canadian Natural Resources Limited has a twelve month low of $30.13 and a twelve month high of $55.49. The stock’s fifty day simple moving average is $50.55 and its 200-day simple moving average is $45.62. The company has a current ratio of 1.00, a quick ratio of 0.75 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $112.62 billion, a P/E ratio of 13.53 and a beta of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.15. The business had revenue of $14.74 billion for the quarter, compared to analysts’ expectations of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. As a group, equities analysts expect that Canadian Natural Resources Limited will post 4.10 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of C$0.62 per share. The ex-dividend date was Friday, September 11th. This represents a $2.50 annualized dividend and a yield of 4.6%. Canadian Natural Resources’s dividend payout ratio is 44.44%.

Analyst Ratings Changes

CNQ has been the topic of a number of recent research reports. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, August 7th. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 16th. Raymond James Financial lowered shares of Canadian Natural Resources from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

About Canadian Natural Resources

Canadian Natural Resources Limited is an independent energy company engaged in the exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids. Its portfolio includes conventional and unconventional petroleum assets, heavy crude oil operations, and oil sands projects that produce bitumen and synthetic crude oil.

The company’s principal operations are located in Western Canada, including oil sands and conventional assets in Alberta and natural gas properties in Alberta and British Columbia.