Quantbot Technologies LP Raises Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Quantbot Technologies LP grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 617.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 143,196 shares of the oil and gas producer’s stock after purchasing an additional 123,230 shares during the period. Quantbot Technologies LP’s holdings in Canadian Natural Resources were worth $4,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Lighthouse Investment Partners LLC purchased a new position in shares of Canadian Natural Resources in the 2nd quarter valued at approximately $890,000. Canoe Financial LP lifted its position in Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock valued at $51,469,000 after buying an additional 1,074,199 shares during the period. Aigen Investment Management LP boosted its holdings in shares of Canadian Natural Resources by 123.0% during the 3rd quarter. Aigen Investment Management LP now owns 54,323 shares of the oil and gas producer’s stock valued at $1,804,000 after buying an additional 29,961 shares in the last quarter. Capital Wealth Planning LLC grew its position in shares of Canadian Natural Resources by 228.5% in 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 period. Finally, Souders Financial Advisors increased its stake in shares of Canadian Natural Resources by 103.0% in the 2nd quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer’s stock worth $3,560,000 after acquiring an additional 50,744 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $33.19 on Wednesday. The company has a 50 day moving average of $34.63 and a 200 day moving average of $35.26. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The firm has a market cap of $70.04 billion, a P/E ratio of 12.89 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 annualized dividend and a yield of 4.68%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.58%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CNQ shares. StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $51.00.

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).