Canadian Natural Resources Limited $CNQ Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,745,981 shares of the oil and gas producer’s stock after acquiring an additional 1,342,954 shares during the period. Fisher Asset Management LLC’s holdings in Canadian Natural Resources were worth $1,446,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Leonteq Securities AG acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. GoalVest Advisory LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $32,000. LOM Asset Management Ltd acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $34,000. Quarry LP acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter worth about $32,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on Canadian Natural Resources from $61.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday. Weiss Ratings lowered Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Canadian Natural Resources Trading Up 0.1%

CNQ opened at $48.67 on Monday. The firm has a market cap of $101.25 billion, a price-to-earnings ratio of 14.53 and a beta of 0.47. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week high of $51.34. The business’s 50 day moving average is $47.24 and its two-hundred day moving average is $40.00. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.During the same quarter in the previous year, the company posted $1.16 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 4.09 EPS for the current year.

Canadian Natural Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a yield of 5.1%. Canadian Natural Resources’s payout ratio is 54.63%.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.