Exencial Wealth Advisors LLC Has $16.19 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Exencial Wealth Advisors LLC lowered its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 487,491 shares of the oil and gas producer’s stock after selling 16,327 shares during the period. Exencial Wealth Advisors LLC’s holdings in Canadian Natural Resources were worth $16,190,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CNQ. Envestnet Portfolio Solutions Inc. boosted its stake in Canadian Natural Resources by 0.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer’s stock valued at $1,662,000 after purchasing an additional 204 shares during the period. Cloverfields Capital Group LP boosted its stake in Canadian Natural Resources by 0.8% during the 1st 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 stake in 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 valued at $2,282,000 after purchasing an additional 339 shares during the period. RFP Financial Group LLC boosted its stake in 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 valued at $25,000 after purchasing an additional 352 shares during the period. Finally, Park Place Capital Corp boosted its stake in 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 valued at $25,000 after purchasing an additional 358 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $34.65 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company has a market capitalization of $73.22 billion, a PE ratio of 13.45 and a beta of 1.50. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The business has a 50 day simple moving average of $34.59 and a 200 day simple moving average of $35.70.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.96 EPS. On average, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.4 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s dividend payout ratio (DPR) is 60.58%.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Company 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).