Lindbrook Capital LLC Buys 2,824 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Lindbrook Capital LLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 80.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,322 shares of the oil and gas producer’s stock after purchasing an additional 2,824 shares during the quarter. Lindbrook Capital LLC’s holdings in Canadian Natural Resources were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CNQ. Private Advisor Group LLC increased its holdings in Canadian Natural Resources by 17.7% during the 1st quarter. Private Advisor Group LLC now owns 8,666 shares of the oil and gas producer’s stock worth $661,000 after acquiring an additional 1,303 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in shares of Canadian Natural Resources by 0.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer’s stock worth $1,662,000 after buying an additional 204 shares in the last quarter. Empowered Funds LLC boosted its stake in Canadian Natural Resources by 3.9% during the first quarter. Empowered Funds LLC now owns 27,504 shares of the oil and gas producer’s stock valued at $2,099,000 after buying an additional 1,036 shares during the period. Atomi Financial Group Inc. grew its holdings in shares of Canadian Natural Resources by 23.4% during the first quarter. Atomi Financial Group Inc. now owns 7,491 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 1,420 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Canadian Natural Resources by 11.7% in the 1st quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer’s stock worth $1,037,000 after buying an additional 1,423 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 1.8 %

CNQ opened at $34.17 on Monday. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The business has a 50 day simple moving average of $34.51 and a two-hundred day simple moving average of $35.65. The firm has a market capitalization of $72.22 billion, a price-to-earnings ratio of 13.27 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly 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. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter last year, the firm posted $0.96 earnings per share. Analysts predict that Canadian Natural Resources Limited will post 2.38 EPS for the current year.

Canadian Natural Resources Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have issued reports on CNQ. Wolfe Research initiated coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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).