Sequoia Financial Advisors LLC Purchases 409 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Sequoia Financial Advisors LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,842 shares of the oil and gas producer’s stock after acquiring an additional 409 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian Natural Resources were worth $645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNQ. Money Concepts Capital Corp purchased a new position in Canadian Natural Resources during the fourth quarter valued at $25,000. Central Bank & Trust Co. bought a new stake in Canadian Natural Resources during the fourth quarter worth about $26,000. Captrust Financial Advisors grew its holdings in Canadian Natural Resources by 57.6% in the second quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 217 shares during the period. Fortis Capital Advisors LLC purchased a new position in shares of Canadian Natural Resources during the first quarter valued at approximately $35,000. Finally, KB Financial Partners LLC bought a new stake in shares of Canadian Natural Resources in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 2.1 %

NYSE CNQ opened at $77.54 on Tuesday. The stock’s 50-day moving average price is $71.23 and its 200-day moving average price is $66.93. The company has a market capitalization of $83.13 billion, a P/E ratio of 14.00 and a beta of 1.54. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. 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 released its earnings results on Thursday, February 29th. The oil and gas producer reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.13. The company had revenue of $7.02 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Canadian Natural Resources had a net margin of 20.15% and a return on equity of 21.74%. On average, equities research analysts predict that Canadian Natural Resources Limited will post 5.52 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.774 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.10 annualized dividend and a yield of 3.99%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.72. Canadian Natural Resources’s dividend payout ratio is currently 53.25%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised 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. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of “Hold” and a consensus target price 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).