Atria Investments Inc Sells 3,944 Shares of Canadian Natural Resources Limited $CNQ

Atria Investments Inc cut its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 17.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,556 shares of the oil and gas producer’s stock after selling 3,944 shares during the quarter. Atria Investments Inc’s holdings in Canadian Natural Resources were worth $583,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brandywine Global Investment Management LLC increased its stake in Canadian Natural Resources by 27.5% in the first 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 acquiring an additional 470,391 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Canadian Natural Resources in the 2nd quarter worth about $361,000. Sei Investments Co. increased its position in shares of Canadian Natural Resources by 41.9% during the 1st quarter. Sei Investments Co. now owns 49,307 shares of the oil and gas producer’s stock valued at $1,519,000 after purchasing an additional 14,561 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Canadian Natural Resources by 0.8% during the 2nd quarter. TD Asset Management Inc now owns 41,581,125 shares of the oil and gas producer’s stock valued at $1,304,267,000 after buying an additional 316,933 shares in the last quarter. Finally, Addenda Capital Inc. boosted its stake in Canadian Natural Resources by 11.0% in the second quarter. Addenda Capital Inc. now owns 2,370,885 shares of the oil and gas producer’s stock worth $74,446,000 after buying an additional 235,198 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 0.4%

Shares of CNQ opened at $31.61 on Monday. The stock has a market capitalization of $65.92 billion, a P/E ratio of 11.21 and a beta of 0.96. Canadian Natural Resources Limited has a twelve month low of $24.65 and a twelve month high of $34.97. 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 firm has a fifty day simple moving average of $31.61 and a two-hundred day simple moving average of $31.27.

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

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be given a dividend of $0.5875 per share. This represents a $2.35 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.43. Canadian Natural Resources’s dividend payout ratio is currently 75.66%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CNQ shares. Wells Fargo & Company upgraded shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. Raymond James Financial reiterated an “outperform” rating on shares of Canadian Natural Resources in a research report on Friday, August 8th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday, October 9th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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).