Sustainable Insight Capital Management LLC Buys 18,500 Shares of Canadian Natural Resources Limited $CNQ

Sustainable Insight Capital Management LLC raised its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 79.4% during the second quarter, HoldingsChannel.com reports. The fund owned 41,800 shares of the oil and gas producer’s stock after purchasing an additional 18,500 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Canadian Natural Resources were worth $1,315,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CNQ. MAI Capital Management grew its position in shares of Canadian Natural Resources by 9.6% during the first quarter. MAI Capital Management now owns 4,365 shares of the oil and gas producer’s stock valued at $134,000 after purchasing an additional 382 shares in the last quarter. Haven Private LLC lifted its position in shares of Canadian Natural Resources by 3.4% in the second quarter. Haven Private LLC now owns 11,617 shares of the oil and gas producer’s stock worth $365,000 after buying an additional 383 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian Natural Resources by 8.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,613 shares of the oil and gas producer’s stock valued at $176,000 after buying an additional 448 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Canadian Natural Resources by 0.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 58,891 shares of the oil and gas producer’s stock worth $1,849,000 after acquiring an additional 460 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in Canadian Natural Resources by 4.6% in the 2nd quarter. Moody National Bank Trust Division now owns 11,081 shares of the oil and gas producer’s stock worth $348,000 after acquiring an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CNQ shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, September 24th. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, October 16th. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Tuesday, September 30th. Finally, Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.00.

Canadian Natural Resources Stock Down 1.3%

Shares of NYSE CNQ opened at $31.47 on Friday. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $35.03. The firm has a 50-day simple moving average of $31.61 and a two-hundred day simple moving average of $31.22. The company has a market cap of $65.62 billion, a P/E ratio of 11.16 and a beta of 0.96. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 earnings per share for the quarter, topping 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 business had revenue of $6.79 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter last year, the firm posted $0.97 earnings per share. Research analysts anticipate that Canadian Natural Resources Limited will post 2.45 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.5875 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. This represents a $2.35 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, December 12th. Canadian Natural Resources’s dividend payout ratio (DPR) 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).