Pacifica Partners Inc. Purchases 755 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Pacifica Partners Inc. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,851 shares of the oil and gas producer’s stock after purchasing an additional 755 shares during the quarter. Canadian Natural Resources accounts for approximately 2.4% of Pacifica Partners Inc.’s portfolio, making the stock its 9th largest holding. Pacifica Partners Inc.’s holdings in Canadian Natural Resources were worth $5,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. TD Asset Management Inc lifted its position in shares of 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 valued at $1,514,190,000 after buying an additional 20,843,193 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of 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 valued at $1,476,644,000 after buying an additional 19,980,902 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of 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 valued at $1,127,382,000 after buying an additional 16,245,046 shares in the last quarter. Yacktman Asset Management LP lifted its position in shares of Canadian Natural Resources by 95.9% during the 2nd 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 buying an additional 14,418,835 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Canadian Natural Resources by 90.3% during the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock valued at $1,069,338,000 after buying an additional 14,246,978 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Wolfe Research assumed coverage on Canadian Natural Resources in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.50.

Canadian Natural Resources Stock Up 2.8 %

NYSE CNQ opened at $36.56 on Tuesday. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week 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’s fifty day simple moving average is $34.55 and its 200-day simple moving average is $36.26. The firm has a market cap of $77.80 billion, a PE ratio of 14.57 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.76 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. As a group, equities analysts anticipate that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a $0.384 dividend. This represents a $1.54 annualized dividend and a yield of 4.20%. The ex-dividend date was Friday, September 13th. Canadian Natural Resources’s dividend 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).