Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 130.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,716 shares of the oil and gas producer’s stock after purchasing an additional 29,278 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Canadian Natural Resources were worth $1,830,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Capital Wealth Planning LLC lifted its holdings in Canadian Natural Resources by 228.5% during the 2nd quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer’s stock worth $3,263,000 after buying an additional 63,756 shares during the last quarter. JBF Capital Inc. boosted its holdings in Canadian Natural Resources by 101.1% in the second quarter. JBF Capital Inc. now owns 512,198 shares of the oil and gas producer’s stock worth $18,234,000 after purchasing an additional 257,549 shares during the period. Choreo LLC bought a new stake in Canadian Natural Resources during the second quarter valued at $746,000. Envestnet Asset Management Inc. raised its holdings in shares of Canadian Natural Resources by 105.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,575,770 shares of the oil and gas producer’s stock worth $56,097,000 after purchasing an additional 810,200 shares during the period. Finally, Pacific Heights Asset Management LLC lifted its position in shares of Canadian Natural Resources by 100.0% in the 2nd quarter. Pacific Heights Asset Management LLC now owns 320,000 shares of the oil and gas producer’s stock worth $11,392,000 after buying an additional 160,000 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNQ. Wolfe Research started coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Raymond James upgraded 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 report on Tuesday, June 11th. Finally, StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus target price of $49.50.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $33.40 on Friday. The firm’s 50 day moving average is $34.78 and its two-hundred day moving average is $36.41. The firm has a market capitalization of $71.07 billion, a P/E ratio of 13.31 and a beta of 1.51. The company has a current ratio of 0.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 EPS for the quarter, beating 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 firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the firm earned $0.43 EPS. Analysts anticipate that Canadian Natural Resources Limited will post 2.49 earnings per share for the current year.

Canadian Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be paid a dividend of $0.384 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is currently 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).