5,244 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Purchased by Sapient Capital LLC

Sapient Capital LLC purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, Holdings Channel.com reports. The firm purchased 5,244 shares of the oil and gas producer’s stock, valued at approximately $344,000.

A number of other institutional investors have also recently bought and sold shares of CNQ. Mission Wealth Management LP lifted its holdings in shares of Canadian Natural Resources by 3.6% during the third quarter. Mission Wealth Management LP now owns 4,796 shares of the oil and gas producer’s stock worth $310,000 after buying an additional 168 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Canadian Natural Resources by 39.7% during the fourth quarter. Janiczek Wealth Management LLC now owns 609 shares of the oil and gas producer’s stock worth $40,000 after buying an additional 173 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Canadian Natural Resources by 21.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,070 shares of the oil and gas producer’s stock worth $70,000 after buying an additional 187 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Canadian Natural Resources by 2.3% during the first quarter. Raymond James Trust N.A. now owns 8,432 shares of the oil and gas producer’s stock worth $523,000 after buying an additional 191 shares during the last quarter. Finally, Rothschild Investment LLC IL lifted its holdings in shares of Canadian Natural Resources by 1.4% during the third quarter. Rothschild Investment LLC IL now owns 14,926 shares of the oil and gas producer’s stock worth $965,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $79.23 on Monday. The stock’s fifty day moving average is $70.87 and its 200-day moving average is $66.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.96. The stock has a market capitalization of $84.95 billion, a PE ratio of 14.30 and a beta of 1.54. Canadian Natural Resources Limited has a 52 week low of $52.66 and a 52 week high of $82.58.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.13. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. The business had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Equities research analysts expect that Canadian Natural Resources Limited will post 5.52 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a dividend of $0.774 per share. This represents a $3.10 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 14th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. Canadian Natural Resources’s dividend payout ratio is 53.25%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $94.00.

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).