SG Americas Securities LLC Boosts Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

SG Americas Securities LLC grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 124.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 278,730 shares of the oil and gas producer’s stock after buying an additional 154,655 shares during the quarter. SG Americas Securities LLC’s holdings in Canadian Natural Resources were worth $9,257,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CNQ. Massmutual Trust Co. FSB ADV grew its holdings in shares of Canadian Natural Resources by 30.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 3,374 shares of the oil and gas producer’s stock worth $112,000 after purchasing an additional 783 shares during the last quarter. Mattson Financial Services LLC purchased a new stake in Canadian Natural Resources during the 2nd quarter valued at $81,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Canadian Natural Resources by 123.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer’s stock worth $317,766,000 after acquiring an additional 4,920,000 shares during the last quarter. University of Texas Texas AM Investment Management Co. increased its position in shares of Canadian Natural Resources by 87.0% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 81,342 shares of the oil and gas producer’s stock valued at $2,896,000 after acquiring an additional 37,849 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Canadian Natural Resources in the second quarter valued at about $3,485,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $35.55 on Friday. The company has a 50-day simple moving average of $34.55 and a two-hundred day simple moving average of $36.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.59. The firm has a market capitalization of $75.65 billion, a PE ratio of 14.16 and a beta of 1.50. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its 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 company had revenue of $7.76 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.43 EPS. On average, 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 announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.384 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Friday, September 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 61.75%.

Analyst Ratings Changes

Several research firms recently issued reports on CNQ. StockNews.com cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Wolfe Research started coverage on Canadian Natural Resources in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Scotiabank reissued 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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).