Canadian Natural Resource Ltd (CNQ) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 380,892 shares of the oil and gas producer’s stock after acquiring an additional 8,692 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian Natural Resource were worth $13,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CNQ. TD Asset Management Inc. boosted its stake in shares of Canadian Natural Resource by 1.9% during the 2nd quarter. TD Asset Management Inc. now owns 26,972,796 shares of the oil and gas producer’s stock valued at $972,944,000 after purchasing an additional 505,215 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Canadian Natural Resource by 5.8% during the 1st quarter. CIBC World Markets Inc. now owns 13,361,305 shares of the oil and gas producer’s stock valued at $420,480,000 after purchasing an additional 736,863 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Canadian Natural Resource by 6.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 10,370,518 shares of the oil and gas producer’s stock valued at $325,601,000 after purchasing an additional 598,715 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Canadian Natural Resource by 49.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,250,634 shares of the oil and gas producer’s stock valued at $297,611,000 after purchasing an additional 2,725,912 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Canadian Natural Resource by 19.0% during the 1st quarter. Mawer Investment Management Ltd. now owns 7,848,299 shares of the oil and gas producer’s stock valued at $246,353,000 after purchasing an additional 1,250,574 shares in the last quarter. 60.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNQ opened at $34.86 on Friday. The stock has a market cap of $42.46 billion, a PE ratio of 20.33, a P/E/G ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 1.02. Canadian Natural Resource Ltd has a 1-year low of $29.20 and a 1-year high of $38.20.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $1.04 EPS for the quarter, topping the consensus estimate of $0.54 by $0.50. Canadian Natural Resource had a net margin of 12.34% and a return on equity of 8.35%. The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.28 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. research analysts expect that Canadian Natural Resource Ltd will post 2.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be paid a dividend of $0.257 per share. This represents a $1.03 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, September 13th. Canadian Natural Resource’s payout ratio is currently 124.10%.

CNQ has been the topic of a number of research reports. Zacks Investment Research raised shares of Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, July 3rd. Evercore ISI initiated coverage on shares of Canadian Natural Resource in a research note on Wednesday, June 27th. They set an “inline” rating on the stock. Morgan Stanley lifted their target price on shares of Canadian Natural Resource from $55.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, May 23rd. Finally, ValuEngine lowered shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $52.25.

Canadian Natural Resource Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

See Also: Marijuana Stocks

Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

Receive News & Ratings for Canadian Natural Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resource and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply