Mawer Investment Management Ltd. boosted its position in shares of Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 6.0% in the second quarter, Holdings Channel reports. The fund owned 9,111,867 shares of the oil and gas producer’s stock after purchasing an additional 512,014 shares during the quarter. Canadian Natural Resources comprises 1.6% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 23rd biggest holding. Mawer Investment Management Ltd.’s holdings in Canadian Natural Resources were worth $246,186,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CNQ. Boston Partners increased its position in Canadian Natural Resources by 296.8% during the first quarter. Boston Partners now owns 13,261,481 shares of the oil and gas producer’s stock valued at $364,690,000 after acquiring an additional 9,919,602 shares during the last quarter. Toronto Dominion Bank increased its position in Canadian Natural Resources by 65.5% during the first quarter. Toronto Dominion Bank now owns 8,964,876 shares of the oil and gas producer’s stock valued at $246,106,000 after acquiring an additional 3,549,063 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Canadian Natural Resources by 23.8% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 18,000,000 shares of the oil and gas producer’s stock valued at $494,345,000 after acquiring an additional 3,455,000 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Canadian Natural Resources during the first quarter valued at $100,743,000. Finally, Hexavest Inc. increased its position in Canadian Natural Resources by 774.9% during the second quarter. Hexavest Inc. now owns 2,225,857 shares of the oil and gas producer’s stock valued at $60,145,000 after acquiring an additional 1,971,455 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.
CNQ traded down $0.56 during midday trading on Friday, reaching $22.99. The company had a trading volume of 121,730 shares, compared to its average volume of 2,588,151. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $25.16 and a two-hundred day moving average of $27.15. The company has a market cap of $27.34 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.34 and a beta of 1.13. Canadian Natural Resources Ltd has a 1 year low of $21.85 and a 1 year high of $35.95.
Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.25. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Canadian Natural Resources had a return on equity of 8.62% and a net margin of 22.22%. During the same quarter in the prior year, the business posted $1.04 earnings per share. On average, equities research analysts predict that Canadian Natural Resources Ltd will post 2.41 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.284 dividend. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.14 dividend on an annualized basis and a yield of 4.94%. Canadian Natural Resources’s dividend payout ratio is presently 51.63%.
CNQ has been the subject of a number of research reports. Edward Jones cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Raymond James reiterated a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, May 10th. Zacks Investment Research cut Canadian Natural Resources from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research report on Monday, July 22nd. Royal Bank of Canada reiterated an “average” rating and set a $45.00 price objective on shares of Canadian Natural Resources in a research report on Friday, May 10th. Finally, CIBC reiterated a “buy” rating and set a $48.00 price objective on shares of Canadian Natural Resources in a research report on Sunday, August 4th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.88.
Canadian Natural Resources Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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