Brighton Jones LLC Has $261,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Brighton Jones LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 124.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,321 shares of the oil and gas producer’s stock after acquiring an additional 4,060 shares during the quarter. Brighton Jones LLC’s holdings in Canadian Natural Resources were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors grew its holdings in shares of Canadian Natural Resources by 0.5% during the first quarter. Capital World Investors now owns 144,344,207 shares of the oil and gas producer’s stock worth $11,011,765,000 after purchasing an additional 684,532 shares during the last quarter. Vanguard Group Inc. grew its holdings in Canadian Natural Resources by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock worth $3,343,849,000 after acquiring an additional 714,346 shares during the last quarter. TD Asset Management Inc increased its position in Canadian Natural Resources by 96.2% in the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock valued at $1,514,190,000 after acquiring an additional 20,843,193 shares during the period. Yacktman Asset Management LP raised its stake in shares of Canadian Natural Resources by 95.9% during the second quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer’s stock valued at $1,048,660,000 after acquiring an additional 14,418,835 shares during the last quarter. Finally, FIL Ltd lifted its holdings in shares of Canadian Natural Resources by 1.1% during the fourth quarter. FIL Ltd now owns 23,340,567 shares of the oil and gas producer’s stock worth $1,529,146,000 after purchasing an additional 250,256 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Down 1.1 %

Shares of NYSE:CNQ opened at $33.40 on Monday. The stock has a market cap of $71.07 billion, a price-to-earnings ratio of 13.31 and a beta of 1.51. The business’s 50 day moving average is $34.78 and its 200 day moving average is $36.42. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-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.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.26. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $6.19 billion. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. During the same quarter in the prior year, the business posted $0.43 EPS. On average, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.49 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.384 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.54 annualized dividend and a yield of 4.60%. Canadian Natural Resources’s dividend payout ratio (DPR) is 61.75%.

About Canadian Natural Resources

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).