Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,163,244 shares of the oil and gas producer’s stock after selling 270,552 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Canadian Natural Resources worth $38,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lighthouse Investment Partners LLC purchased a new position in Canadian Natural Resources during the 2nd quarter valued at about $890,000. Canoe Financial LP boosted its stake in shares of Canadian Natural Resources by 226.0% in 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 purchasing an additional 1,074,199 shares during the period. Cerity Partners LLC grew its holdings in shares of Canadian Natural Resources by 112.8% in the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock valued at $15,057,000 after purchasing an additional 240,354 shares in the last quarter. Aigen Investment Management LP increased its stake in 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 worth $1,804,000 after buying an additional 29,961 shares during the period. Finally, 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 in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Up 1.9 %

Shares of Canadian Natural Resources stock opened at $34.22 on Wednesday. Canadian Natural Resources Limited has a 52-week low of $29.45 and a 52-week high of $41.29. The company has a 50 day moving average of $34.63 and a 200 day moving average of $35.11. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $72.21 billion, a P/E ratio of 13.29 and a beta of 1.47.

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

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.388 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.54%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio is presently 60.58%.

Analyst Upgrades and Downgrades

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

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).