Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC increased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,644 shares of the oil and gas producer’s stock after acquiring an additional 2,458 shares during the period. Calamos Wealth Management LLC’s holdings in Canadian Natural Resources were worth $1,811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CNQ. Arrowstreet Capital Limited Partnership acquired a new stake in Canadian Natural Resources during the 1st quarter valued at $960,796,000. Capital International Investors grew its holdings in Canadian Natural Resources by 88.2% during the 1st quarter. Capital International Investors now owns 7,930,544 shares of the oil and gas producer’s stock valued at $491,064,000 after buying an additional 3,716,523 shares during the last quarter. Vanguard Group Inc. grew its holdings in Canadian Natural Resources by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 40,235,475 shares of the oil and gas producer’s stock valued at $2,493,796,000 after buying an additional 2,332,528 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Canadian Natural Resources by 43.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,640,000 shares of the oil and gas producer’s stock worth $494,262,000 after purchasing an additional 2,305,000 shares during the period. Finally, WCM Investment Management LLC lifted its stake in shares of Canadian Natural Resources by 9,297.9% during the 4th quarter. WCM Investment Management LLC now owns 2,192,895 shares of the oil and gas producer’s stock worth $143,284,000 after purchasing an additional 2,169,561 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.4 %

Shares of Canadian Natural Resources stock opened at $76.55 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. The firm has a market cap of $82.07 billion, a PE ratio of 13.82 and a beta of 1.54. The business’s fifty day moving average is $72.53 and its two-hundred day moving average is $67.28. Canadian Natural Resources Limited has a fifty-two week low of $52.66 and a fifty-two week high of $82.58.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.13. The business had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. Analysts anticipate that Canadian Natural Resources Limited will post 5.7 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.774 dividend. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. This represents a $3.10 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, March 14th. Canadian Natural Resources’s dividend payout ratio (DPR) is 53.25%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on Canadian Natural Resources from $101.00 to $102.00 and gave the stock a “neutral” rating in a research note on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.00.

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).