Blair William & Co. IL Purchases 3,348 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Blair William & Co. IL raised its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 105.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,526 shares of the oil and gas producer’s stock after purchasing an additional 3,348 shares during the period. Blair William & Co. IL’s holdings in Canadian Natural Resources were worth $232,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Capital World Investors boosted its holdings in 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 valued at $11,011,765,000 after purchasing an additional 684,532 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Canadian Natural Resources by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock worth $3,343,849,000 after acquiring an additional 714,346 shares during the last quarter. TD Asset Management Inc lifted its holdings 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 worth $1,514,190,000 after acquiring an additional 20,843,193 shares during the last quarter. Yacktman Asset Management LP lifted its holdings 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 worth $1,048,660,000 after acquiring an additional 14,418,835 shares during the last quarter. Finally, FIL Ltd lifted its holdings in shares of Canadian Natural Resources by 1.1% during the 4th quarter. FIL Ltd now owns 23,340,567 shares of the oil and gas producer’s stock worth $1,529,146,000 after acquiring an additional 250,256 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Finally, StockNews.com downgraded shares of 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’s stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and an average price target of $49.50.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $33.21 on Friday. 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 company has a market capitalization of $70.67 billion, a PE ratio of 13.23 and a beta of 1.51. The firm has a fifty day simple moving average of $34.59 and a two-hundred day simple moving average of $36.35. 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 data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. The firm had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. Research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.384 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, September 13th. Canadian Natural Resources’s payout ratio is 61.75%.

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).