Zurcher Kantonalbank Zurich Cantonalbank Has $24.24 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 729,245 shares of the oil and gas producer’s stock after buying an additional 16,828 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian Natural Resources were worth $24,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Glenmede Trust Co. NA grew its holdings in Canadian Natural Resources by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 39,238 shares of the oil and gas producer’s stock worth $1,303,000 after acquiring an additional 1,120 shares during the last quarter. Townsquare Capital LLC acquired a new position in shares of Canadian Natural Resources during the third quarter worth approximately $347,000. Transamerica Financial Advisors Inc. grew its stake in shares of Canadian Natural Resources by 11.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 8,212 shares of the oil and gas producer’s stock valued at $273,000 after purchasing an additional 816 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Canadian Natural Resources by 237.5% in the third quarter. BNP Paribas Financial Markets now owns 144,139 shares of the oil and gas producer’s stock valued at $4,787,000 after purchasing an additional 101,430 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Canadian Natural Resources by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 143,196 shares of the oil and gas producer’s stock worth $4,756,000 after purchasing an additional 123,230 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CNQ. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Canadian Natural Resources Price Performance

CNQ opened at $33.82 on Friday. The stock has a market cap of $71.37 billion, a P/E ratio of 13.13 and a beta of 1.50. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $34.65 and a 200 day simple moving average of $35.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 previous year, the business earned $0.96 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.388 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.59%. Canadian Natural Resources’s dividend payout ratio is presently 60.58%.

About Canadian Natural Resources

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).