Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,048,949 shares of the oil and gas producer’s stock after selling 69,549 shares during the period. Janus Henderson Group PLC’s holdings in Canadian Natural Resources were worth $300,565,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CNQ. RFP Financial Group LLC increased its holdings in Canadian Natural Resources by 98.3% in the 2nd quarter. RFP Financial Group LLC now owns 710 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 352 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of Canadian Natural Resources by 91.6% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 868 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 415 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Canadian Natural Resources by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 874 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 447 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Canadian Natural Resources in the second quarter valued at $32,000. Finally, First Horizon Advisors Inc. lifted its position in Canadian Natural Resources by 71.2% in the second quarter. First Horizon Advisors Inc. now owns 904 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 376 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 1.9 %

NYSE CNQ opened at $34.22 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market cap of $72.21 billion, a PE ratio of 13.29 and a beta of 1.47. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29. The firm’s fifty day moving average is $34.63 and its two-hundred day moving average is $35.11.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period in the previous year, the business posted $0.96 earnings per share. Analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s payout ratio is 60.58%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. StockNews.com cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and an average price target of $51.00.

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).