Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Leuthold Group LLC

Leuthold Group LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 97.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,200 shares of the oil and gas producer’s stock after acquiring an additional 12,911 shares during the period. Leuthold Group LLC’s holdings in Canadian Natural Resources were worth $933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc boosted its stake in Canadian Natural Resources by 96.2% during the 2nd quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock worth $1,514,190,000 after purchasing an additional 20,843,193 shares during the last quarter. Yacktman Asset Management LP lifted its stake in shares of Canadian Natural Resources by 95.9% in the second quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer’s stock worth $1,048,660,000 after buying an additional 14,418,835 shares in the last quarter. CIBC Asset Management Inc boosted its position in Canadian Natural Resources by 93.6% during the second quarter. CIBC Asset Management Inc now owns 22,916,027 shares of the oil and gas producer’s stock worth $815,751,000 after acquiring an additional 11,077,189 shares during the last quarter. Capital International Investors grew its stake in Canadian Natural Resources by 103.3% during the 4th quarter. Capital International Investors now owns 9,819,333 shares of the oil and gas producer’s stock valued at $643,348,000 after acquiring an additional 4,989,634 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Canadian Natural Resources in the 1st quarter valued at about $305,258,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Scotiabank restated a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Wolfe Research assumed coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Raymond James upgraded Canadian Natural Resources to a “hold” rating in a report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.50.

Canadian Natural Resources Stock Up 2.8 %

CNQ stock opened at $33.78 on Friday. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The firm has a market cap of $71.87 billion, a PE ratio of 13.46 and a beta of 1.51. The firm’s 50 day moving average price is $34.83 and its 200-day moving average price is $36.42. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.88.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. The company had revenue of $7.76 billion for 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 previous year, the business earned $0.43 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.49 EPS for the current year.

Canadian Natural Resources Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a $0.384 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.54 dividend on an annualized basis and a yield of 4.55%. Canadian Natural Resources’s payout ratio is currently 61.75%.

Canadian Natural Resources Company 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).