West Family Investments Inc. Acquires 1,418 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

West Family Investments Inc. grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,994 shares of the oil and gas producer’s stock after buying an additional 1,418 shares during the quarter. West Family Investments Inc.’s holdings in Canadian Natural Resources were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of Canadian Natural Resources by 11.7% in the 1st quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer’s stock valued at $1,037,000 after purchasing an additional 1,423 shares during the period. Blair William & Co. IL bought a new stake in shares of Canadian Natural Resources in the 1st quarter valued at about $243,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Canadian Natural Resources by 105.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,555 shares of the oil and gas producer’s stock valued at $661,000 after purchasing an additional 4,400 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Canadian Natural Resources by 95.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,300 shares of the oil and gas producer’s stock valued at $327,000 after purchasing an additional 2,100 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Canadian Natural Resources in the 1st quarter valued at about $415,000. 74.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several research analyst reports. StockNews.com cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $33.67 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $71.06 billion, a price-to-earnings ratio of 13.10 and a beta of 1.50. The firm’s 50 day simple moving average is $34.46 and its 200 day simple moving average is $35.41. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The business 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 quarter last year, the business posted $0.96 EPS. As a group, research analysts expect that Canadian Natural Resources Limited will post 2.44 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. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.61%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 64.59%.

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).