Sagefield Capital LP Has $15.09 Million Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Sagefield Capital LP lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 111.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 423,865 shares of the oil and gas producer’s stock after purchasing an additional 223,235 shares during the quarter. Canadian Natural Resources comprises 1.6% of Sagefield Capital LP’s holdings, making the stock its 18th biggest position. Sagefield Capital LP’s holdings in Canadian Natural Resources were worth $15,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CNQ. Capital World Investors boosted its position in Canadian Natural Resources by 0.5% during the 1st quarter. Capital World Investors now owns 144,344,207 shares of the oil and gas producer’s stock worth $11,011,765,000 after acquiring an additional 684,532 shares during the last quarter. Vanguard Group Inc. boosted its position 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 boosted its position in Canadian Natural Resources by 96.2% during the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock worth $1,514,190,000 after acquiring an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock worth $1,476,644,000 after acquiring an additional 19,980,902 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock worth $1,127,382,000 after acquiring an additional 16,245,046 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 1.2 %

Shares of Canadian Natural Resources stock opened at $33.80 on Tuesday. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The stock has a market cap of $71.92 billion, a P/E ratio of 13.47 and a beta of 1.51. 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’s 50 day moving average is $34.72 and its 200-day moving average is $36.40.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The company had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the business posted $0.43 EPS. Equities research analysts predict that Canadian Natural Resources Limited will post 2.49 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a $0.384 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 61.75%.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Company 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).