Canadian Natural Resources Limited $CNQ Shares Purchased by American Century Companies Inc.

American Century Companies Inc. boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 850,121 shares of the oil and gas producer’s stock after acquiring an additional 55,398 shares during the period. American Century Companies Inc.’s holdings in Canadian Natural Resources were worth $26,719,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Brandywine Global Investment Management LLC lifted its stake in shares of Canadian Natural Resources by 27.5% in the 1st quarter. Brandywine Global Investment Management LLC now owns 2,183,598 shares of the oil and gas producer’s stock valued at $67,201,000 after purchasing an additional 470,391 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Canadian Natural Resources during the 2nd quarter worth approximately $361,000. Sei Investments Co. raised its holdings in Canadian Natural Resources by 41.9% in the first quarter. Sei Investments Co. now owns 49,307 shares of the oil and gas producer’s stock valued at $1,519,000 after buying an additional 14,561 shares during the period. Vanguard Group Inc. lifted its position in Canadian Natural Resources by 3.4% during the second quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock valued at $2,852,024,000 after buying an additional 3,003,542 shares in the last quarter. Finally, Journey Advisory Group LLC acquired a new position in Canadian Natural Resources during the second quarter valued at approximately $2,458,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Up 1.5%

Shares of NYSE CNQ opened at $33.82 on Monday. The firm has a market cap of $70.46 billion, a price-to-earnings ratio of 11.99 and a beta of 0.96. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $34.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.85. The stock’s 50-day simple moving average is $32.11 and its 200-day simple moving average is $31.65.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Canadian Natural Resources had a return on equity of 19.67% and a net margin of 19.00%.The firm had revenue of $6.79 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm earned $0.97 EPS. As a group, equities analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 12th will be paid a $0.5875 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 6.9%. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, December 12th. Canadian Natural Resources’s payout ratio is presently 73.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Wells Fargo & Company upgraded Canadian Natural Resources to a “hold” rating in a report on Thursday, October 16th. Royal Bank Of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Thursday, October 9th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Canadian Natural Resources in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.00.

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).