Greenline Partners LLC Has $4.78 Million Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Greenline Partners LLC boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 121.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,090 shares of the oil and gas producer’s stock after buying an additional 73,059 shares during the quarter. Greenline Partners LLC’s holdings in Canadian Natural Resources were worth $4,778,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Wealth Planning LLC boosted its stake in Canadian Natural Resources by 228.5% in the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer’s stock valued at $3,263,000 after buying an additional 63,756 shares in the last quarter. JBF Capital Inc. boosted its stake in Canadian Natural Resources by 101.1% in the 2nd quarter. JBF Capital Inc. now owns 512,198 shares of the oil and gas producer’s stock valued at $18,234,000 after buying an additional 257,549 shares in the last quarter. Choreo LLC acquired a new stake in Canadian Natural Resources in the 2nd quarter valued at $746,000. Envestnet Asset Management Inc. boosted its stake in Canadian Natural Resources by 105.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,575,770 shares of the oil and gas producer’s stock valued at $56,097,000 after buying an additional 810,200 shares in the last quarter. Finally, Pacific Heights Asset Management LLC raised its position in Canadian Natural Resources by 100.0% in the 2nd quarter. Pacific Heights Asset Management LLC now owns 320,000 shares of the oil and gas producer’s stock valued at $11,392,000 after purchasing an additional 160,000 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CNQ. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Scotiabank reiterated a “sector perform” rating on shares of Canadian Natural Resources in a research report on Tuesday, June 11th. Wolfe Research began coverage on Canadian Natural Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Raymond James upgraded Canadian Natural Resources to a “hold” rating in a research report on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and an average price target of $49.50.

Canadian Natural Resources Trading Down 1.1 %

CNQ stock opened at $33.40 on Friday. The company has a market cap of $71.07 billion, a P/E ratio of 13.31 and a beta of 1.51. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $34.78 and a 200-day moving average of $36.41.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.49 EPS for the current year.

Canadian Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.384 per share. The ex-dividend date is Friday, September 13th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.60%. Canadian Natural Resources’s payout ratio is currently 61.75%.

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).