Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 123.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,323 shares of the oil and gas producer’s stock after acquiring an additional 29,961 shares during the quarter. Aigen Investment Management LP’s holdings in Canadian Natural Resources were worth $1,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Canadian Natural Resources by 0.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer’s stock worth $1,662,000 after purchasing an additional 204 shares during the period. Cloverfields Capital Group LP lifted its position in Canadian Natural Resources by 0.8% in the first quarter. Cloverfields Capital Group LP now owns 32,017 shares of the oil and gas producer’s stock valued at $2,444,000 after purchasing an additional 253 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of Canadian Natural Resources by 1.1% during the 1st quarter. Burgundy Asset Management Ltd. now owns 29,908 shares of the oil and gas producer’s stock worth $2,282,000 after purchasing an additional 339 shares in the last quarter. RFP Financial Group LLC boosted its holdings in Canadian Natural Resources by 98.3% during the second quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 352 shares in the last quarter. Finally, Park Place Capital Corp grew its position in Canadian Natural Resources by 100.0% during the second quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 358 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CNQ shares. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Wolfe Research started coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, StockNews.com cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock traded up $0.09 during mid-day trading on Tuesday, hitting $34.31. 220,049 shares of the company were exchanged, compared to its average volume of 5,324,366. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 12-month low of $29.45 and a 12-month high of $41.29. The business’s 50 day simple moving average is $34.47 and its two-hundred day simple moving average is $35.60. The company has a market capitalization of $72.51 billion, a P/E ratio of 13.30 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the prior year, the firm earned $0.96 EPS. Analysts forecast that Canadian Natural Resources Limited will post 2.38 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio is currently 60.58%.

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).