Mainstay Capital Management LLC ADV Has $1.28 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Mainstay Capital Management LLC ADV trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 38,663 shares of the oil and gas producer’s stock after selling 2,141 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Canadian Natural Resources were worth $1,284,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital World Investors lifted its position in shares of Canadian Natural Resources by 0.5% during the 1st 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 period. Vanguard Group Inc. increased its stake in Canadian Natural Resources by 1.7% in the first quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock valued at $3,343,849,000 after purchasing an additional 714,346 shares in the last quarter. TD Asset Management Inc raised its holdings in shares of Canadian Natural Resources by 96.2% during 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 purchasing an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Canadian Natural Resources by 93.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock worth $1,476,644,000 after purchasing an additional 19,980,902 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its stake in shares of Canadian Natural Resources by 105.3% in the 2nd 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 buying an additional 16,245,046 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $35.11 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.88 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $74.70 billion, a PE ratio of 13.99 and a beta of 1.50. The stock’s 50 day moving average price is $34.97 and its 200-day moving average price is $36.06. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. The firm had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $6.19 billion. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. During the same quarter in the prior year, the company earned $0.43 EPS. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 2.5 EPS 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 paid a $0.388 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a yield of 4.42%. Canadian Natural Resources’s dividend payout ratio is presently 66.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CNQ. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Wolfe Research started coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.50.

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).