Mercer Global Advisors Inc. ADV Has $471,000 Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Mercer Global Advisors Inc. ADV boosted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 128.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,230 shares of the oil and gas producer’s stock after buying an additional 7,449 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Canadian Natural Resources were worth $471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bruce G. Allen Investments LLC grew its stake in Canadian Natural Resources by 117.8% in the 1st quarter. Bruce G. Allen Investments LLC now owns 453 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 245 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of Canadian Natural Resources during the 1st quarter worth approximately $37,000. LifeSteps Financial Inc. acquired a new position in shares of Canadian Natural Resources during the 1st quarter worth approximately $46,000. RFP Financial Group LLC grew its position in shares of Canadian Natural Resources by 98.3% during the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 352 shares in the last quarter. Finally, Park Place Capital Corp lifted its holdings in shares of Canadian Natural Resources by 100.0% during the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 358 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 $33.21 on Friday. The firm has a 50 day simple moving average of $34.55 and a 200 day simple moving average of $36.33. The company has a market cap of $70.67 billion, a price-to-earnings ratio of 13.23 and a beta of 1.51. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.59.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 18.05% and a return on equity of 22.09%. During the same quarter last year, the firm earned $0.43 earnings per share. Research analysts predict that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be given a dividend of $0.384 per share. This represents a $1.54 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 61.75%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Canadian Natural Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Finally, StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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).