Canadian Natural Resources Limited $CNQ Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,180 shares of the oil and gas producer’s stock after acquiring an additional 2,055 shares during the quarter. Yousif Capital Management LLC’s holdings in Canadian Natural Resources were worth $822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CNQ. Ameritas Advisory Services LLC acquired a new position in Canadian Natural Resources in the second quarter valued at about $27,000. Investment Management Corp VA ADV lifted its position in Canadian Natural Resources by 158.3% in the first quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 611 shares during the last quarter. Sierra Ocean LLC lifted its position in Canadian Natural Resources by 104.0% in the first quarter. Sierra Ocean LLC now owns 1,569 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 800 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 528 shares during the last quarter. Finally, Adirondack Trust Co. lifted its position in Canadian Natural Resources by 317.1% in the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNQ. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research note on Wednesday, September 24th. Wells Fargo & Company upgraded shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, October 16th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $30.37 on Thursday. The stock has a 50 day moving average price of $31.33 and a 200 day moving average price of $30.86. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $63.37 billion, a price-to-earnings ratio of 10.77 and a beta of 0.97. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $35.63.

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

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were issued a $0.4269 dividend. The ex-dividend date of this dividend was Friday, September 19th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.42. This represents a $1.71 annualized dividend and a dividend yield of 5.6%. Canadian Natural Resources’s dividend payout ratio is currently 60.64%.

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).