Wealth Enhancement Advisory Services LLC Sells 1,205 Shares of Canadian Natural Resources Limited $CNQ

Wealth Enhancement Advisory Services LLC reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,598 shares of the oil and gas producer’s stock after selling 1,205 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Canadian Natural Resources were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CNQ. Versant Capital Management Inc grew its stake in shares of Canadian Natural Resources by 253.2% during the 1st quarter. Versant Capital Management Inc now owns 1,307 shares of the oil and gas producer’s stock valued at $40,000 after purchasing an additional 937 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Canadian Natural Resources by 2,969.4% in the first quarter. GAMMA Investing LLC now owns 26,642 shares of the oil and gas producer’s stock worth $865,000 after buying an additional 25,774 shares during the last quarter. Merit Financial Group LLC grew its position in Canadian Natural Resources by 21.4% during the first quarter. Merit Financial Group LLC now owns 11,197 shares of the oil and gas producer’s stock valued at $345,000 after buying an additional 1,975 shares during the period. Peak Financial Advisors LLC grew its position in Canadian Natural Resources by 0.7% during the first quarter. Peak Financial Advisors LLC now owns 77,253 shares of the oil and gas producer’s stock valued at $2,379,000 after buying an additional 557 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Canadian Natural Resources by 10.2% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,165 shares of the oil and gas producer’s stock valued at $159,000 after buying an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.7%

CNQ stock opened at $31.74 on Thursday. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $37.91. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market capitalization of $66.23 billion, a price-to-earnings ratio of 11.25 and a beta of 0.97. The business has a 50 day simple moving average of $31.26 and a two-hundred day simple moving average of $30.78.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, August 7th. The oil and gas producer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.07. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The business had revenue of $6.39 billion during the quarter, compared to the consensus estimate of $8.97 billion. During the same period in the prior year, the company posted $0.88 EPS. Research analysts anticipate that Canadian Natural Resources Limited will post 2.45 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be paid a $0.4269 dividend. This represents a $1.71 annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, September 19th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.42. Canadian Natural Resources’s dividend payout ratio is currently 60.64%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. National Bankshares reiterated a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 26th. TD Securities reaffirmed a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Canadian Natural Resources 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).