AlphaQ Advisors LLC Buys 1,763 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

AlphaQ Advisors LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQFree Report) (TSE:CNQ) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,090 shares of the oil and gas producer’s stock after buying an additional 1,763 shares during the quarter. AlphaQ Advisors LLC’s holdings in Canadian Natural Resources were worth $530,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at approximately $25,000. Central Bank & Trust Co. bought a new position in Canadian Natural Resources during the fourth quarter worth $26,000. Captrust Financial Advisors increased its holdings in shares of Canadian Natural Resources by 57.6% in the second quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 217 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Canadian Natural Resources in the first quarter valued at about $35,000. Finally, Janiczek Wealth Management LLC lifted its stake in shares of Canadian Natural Resources by 39.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 609 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 173 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Check Out Our Latest Analysis on CNQ

Canadian Natural Resources Price Performance

CNQ stock opened at $79.23 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.96. Canadian Natural Resources Limited has a 52-week low of $52.66 and a 52-week high of $82.58. The company has a market capitalization of $84.95 billion, a P/E ratio of 14.30 and a beta of 1.54. The company has a fifty day moving average price of $70.87 and a 200-day moving average price of $66.84.

Canadian Natural Resources (NYSE:CNQGet Free Report) (TSE:CNQ) last posted its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.13. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. The company had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. As a group, equities analysts expect that Canadian Natural Resources Limited will post 5.52 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.774 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.72. This represents a $3.10 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Thursday, March 14th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 53.25%.

Canadian Natural Resources Company Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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