Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 102.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,103,443 shares of the oil and gas producer’s stock after purchasing an additional 3,595,631 shares during the quarter. Dimensional Fund Advisors LP owned 0.33% of Canadian Natural Resources worth $252,883,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes 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 acquiring an additional 20,843,193 shares during the last quarter. Yacktman Asset Management LP raised its holdings in 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 worth $1,048,660,000 after buying an additional 14,418,835 shares during the period. CIBC Asset Management Inc lifted its stake in Canadian Natural Resources by 93.6% during the second quarter. CIBC Asset Management Inc now owns 22,916,027 shares of the oil and gas producer’s stock valued at $815,751,000 after buying an additional 11,077,189 shares in the last quarter. Capital International Investors boosted its holdings in shares of Canadian Natural Resources by 103.3% in the fourth quarter. Capital International Investors now owns 9,819,333 shares of the oil and gas producer’s stock worth $643,348,000 after buying an additional 4,989,634 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Canadian Natural Resources in the first quarter worth approximately $305,258,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Trading Up 0.0 %

Canadian Natural Resources stock opened at $32.86 on Thursday. 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. The stock has a market cap of $69.92 billion, a P/E ratio of 13.09 and a beta of 1.51. The company’s fifty day simple moving average is $34.89 and its 200-day simple moving average is $36.44.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued 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. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The firm had revenue of $7.76 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.49 EPS 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. Investors of record on Friday, September 13th will be issued a $0.384 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.54 dividend on an annualized basis and a yield of 4.67%. Canadian Natural Resources’s dividend payout ratio is currently 61.75%.

Analyst Upgrades and Downgrades

CNQ has been the subject of several research analyst reports. Wolfe Research assumed coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They issued 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. Scotiabank reissued a “sector perform” rating on shares of Canadian Natural Resources in a research report on Tuesday, June 11th. Finally, StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Six equities research 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.50.

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).