Savant Capital LLC Has $1.85 Million Stock Position in Canadian Natural Resources Limited $CNQ

Savant Capital LLC grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 600.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,805 shares of the oil and gas producer’s stock after acquiring an additional 50,405 shares during the period. Savant Capital LLC’s holdings in Canadian Natural Resources were worth $1,846,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in Canadian Natural Resources during the 2nd quarter worth approximately $27,000. Investment Management Corp VA ADV increased its position in Canadian Natural Resources by 158.3% during the 1st quarter. Investment Management Corp VA ADV now owns 997 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 611 shares during the period. Geneos Wealth Management Inc. raised its stake in Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 528 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of Canadian Natural Resources by 317.1% in the second quarter. Adirondack Trust Co. now owns 1,710 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 1,300 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its position in shares of Canadian Natural Resources by 116.7% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 1,788 shares of the oil and gas producer’s stock valued at $56,000 after acquiring an additional 963 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ opened at $32.40 on Wednesday. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $34.97. The company has a market cap of $67.56 billion, a price-to-earnings ratio of 11.49 and a beta of 0.96. The company’s fifty day moving average price is $31.63 and its two-hundred day moving average price is $31.31. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, November 6th. The oil and gas producer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Canadian Natural Resources had a net margin of 19.00% and a return on equity of 19.67%. The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. On average, analysts expect that Canadian Natural Resources Limited will post 2.45 EPS 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 issued a dividend of $0.5875 per share. This represents a $2.35 annualized dividend and a yield of 7.3%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, December 12th. Canadian Natural Resources’s dividend payout ratio is currently 73.89%.

Wall Street Analysts Forecast Growth

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