Quantbot Technologies LP Buys 123,230 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Quantbot Technologies LP grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 617.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,196 shares of the oil and gas producer’s stock after buying an additional 123,230 shares during the quarter. 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 have also recently made changes to their positions in the stock. Lighthouse Investment Partners LLC bought a new stake in Canadian Natural Resources during the 2nd quarter worth approximately $890,000. Canoe Financial LP increased its holdings 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 worth $51,469,000 after purchasing an additional 1,074,199 shares during the last quarter. Aigen Investment Management LP boosted its stake in Canadian Natural Resources by 123.0% during the third 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 during the last quarter. Capital Wealth Planning LLC grew 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 valued at $3,263,000 after buying an additional 63,756 shares in the last quarter. Finally, Souders Financial Advisors increased its stake in 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 during the last quarter. Institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in 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, According to data from MarketBeat, Canadian Natural Resources has an average rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Price Performance

CNQ opened at $33.19 on Wednesday. The business’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $35.26. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The company has a market capitalization of $70.04 billion, a price-to-earnings ratio of 12.89 and a beta of 1.50. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data 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 the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the firm posted $0.96 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business 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 dividend of $0.388 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 dividend on an annualized basis and a yield of 4.68%. 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 60.58%.

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).