Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 121,600 shares of the oil and gas producer’s stock after purchasing an additional 1,290 shares during the quarter. Canadian Natural Resources comprises 1.3% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 24th biggest position. PCJ Investment Counsel Ltd.’s holdings in Canadian Natural Resources were worth $4,037,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CNQ. Capital World Investors lifted its holdings in Canadian Natural Resources by 0.5% in the first 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 acquiring an additional 684,532 shares during the last quarter. TD Asset Management Inc lifted its holdings in Canadian Natural Resources by 96.2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock valued at $1,514,190,000 after acquiring an additional 20,843,193 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Canadian Natural Resources by 93.0% in the second quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after acquiring an additional 19,980,902 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in Canadian Natural Resources by 105.3% in the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after acquiring an additional 16,245,046 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in Canadian Natural Resources by 90.3% in the second quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock valued at $1,069,338,000 after acquiring an additional 14,246,978 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $33.67 on Wednesday. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 13.10 and a beta of 1.50. The firm has a 50-day simple moving average of $34.46 and a 200-day simple moving average of $35.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 4.61%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 64.59%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CNQ shares. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus price target 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).