B. Riley Wealth Advisors Inc. Sells 8,560 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

B. Riley Wealth Advisors Inc. cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,406 shares of the oil and gas producer’s stock after selling 8,560 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Canadian Natural Resources were worth $1,847,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CNQ. RFP Financial Group LLC raised its holdings in Canadian Natural Resources by 98.3% in 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 during the period. First Horizon Advisors Inc. raised its stake in shares of Canadian Natural Resources by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 376 shares during the period. Moloney Securities Asset Management LLC raised its stake in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 376 shares during the period. Measured Wealth Private Client Group LLC lifted its position in shares of Canadian Natural Resources by 4.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 404 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its stake in shares of Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after acquiring an additional 419 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $31.47 on Monday. The firm has a market cap of $66.30 billion, a price-to-earnings ratio of 12.25 and a beta of 1.47. 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 business has a 50-day moving average price of $34.35 and a 200-day moving average price of $34.78. Canadian Natural Resources Limited has a twelve month low of $29.45 and a twelve month high of $41.29.

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 analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter in the prior year, the company posted $0.96 earnings per share. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.388 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 4.93%. Canadian Natural Resources’s dividend payout ratio is 64.59%.

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).