Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 503.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 362,007 shares of the oil and gas producer’s stock after purchasing an additional 302,045 shares during the quarter. Intech Investment Management LLC’s holdings in Canadian Natural Resources were worth $12,892,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Leuthold Group LLC grew its position in Canadian Natural Resources by 97.2% during the 2nd quarter. Leuthold Group LLC now owns 26,200 shares of the oil and gas producer’s stock worth $933,000 after purchasing an additional 12,911 shares during the period. Seven Eight Capital LP acquired a new stake in Canadian Natural Resources during the 2nd quarter worth about $702,000. Blair William & Co. IL grew its position in Canadian Natural Resources by 105.3% during the 2nd quarter. Blair William & Co. IL now owns 6,526 shares of the oil and gas producer’s stock worth $232,000 after purchasing an additional 3,348 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Canadian Natural Resources by 130.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 51,716 shares of the oil and gas producer’s stock worth $1,830,000 after acquiring an additional 29,278 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Canadian Natural Resources by 128.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,230 shares of the oil and gas producer’s stock worth $471,000 after acquiring an additional 7,449 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Down 1.2 %

Shares of Canadian Natural Resources stock opened at $33.38 on Friday. The firm has a market capitalization of $71.03 billion, a PE ratio of 13.30 and a beta of 1.51. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29. The firm’s 50-day moving average price is $34.78 and its 200 day moving average price is $36.41. The company has a current ratio of 0.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.24.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.26. The firm had revenue of $7.76 billion for the quarter, compared to analyst estimates of $6.19 billion. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. During the same period last year, the company posted $0.43 EPS. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 2.49 EPS for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a $0.384 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is 61.75%.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNQ. Raymond James raised shares of Canadian Natural Resources to a “hold” rating in a research note on Tuesday, May 28th. StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Wolfe Research began coverage on shares of Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank reissued a “sector perform” rating on shares of Canadian Natural Resources in a research note on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Hold” and an average price target of $49.50.

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).