Massmutual Trust Co. FSB ADV Buys 783 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Massmutual Trust Co. FSB ADV boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 30.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,374 shares of the oil and gas producer’s stock after purchasing an additional 783 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Canadian Natural Resources were worth $112,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors lifted its position in shares of Canadian Natural Resources by 0.5% in 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 period. Vanguard Group Inc. raised its stake in shares of Canadian Natural Resources by 1.7% in the first quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock valued at $3,343,849,000 after purchasing an additional 714,346 shares in the last quarter. TD Asset Management Inc lifted its position in Canadian Natural Resources by 96.2% in the second 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 purchasing an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board boosted its stake in Canadian Natural Resources by 93.0% during the second 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 buying an additional 19,980,902 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in Canadian Natural Resources by 105.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after buying an additional 16,245,046 shares during the period. 74.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CNQ. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Wolfe Research began coverage on shares of Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Natural Resources currently has an average rating of “Hold” and a consensus target price of $49.50.

Canadian Natural Resources Stock Up 0.7 %

CNQ opened at $35.55 on Friday. The firm has a market cap of $75.65 billion, a price-to-earnings ratio of 14.16 and a beta of 1.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.88. The firm’s 50-day simple moving average is $34.55 and its 200-day simple moving average is $36.26. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. The firm had revenue of $7.76 billion for 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 period in the previous year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.384 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.54 dividend on an annualized basis and a yield of 4.32%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 61.75%.

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).