denkapparat Operations GmbH Acquires 7,900 Shares of Canadian Natural Resources Limited $CNQ

denkapparat Operations GmbH boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 41.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,800 shares of the oil and gas producer’s stock after acquiring an additional 7,900 shares during the quarter. Canadian Natural Resources accounts for 0.7% of denkapparat Operations GmbH’s portfolio, making the stock its 29th biggest holding. denkapparat Operations GmbH’s holdings in Canadian Natural Resources were worth $843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNQ. MAI Capital Management boosted its stake 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 during the period. Haven Private LLC increased its stake in Canadian Natural Resources by 3.4% in the 2nd 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 during the period. King Luther Capital Management Corp lifted its holdings in Canadian Natural Resources by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer’s stock valued at $1,014,000 after buying an additional 387 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Canadian Natural Resources by 8.7% in 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 during the period. Finally, Verdence Capital Advisors LLC grew 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 in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $32.40 on Wednesday. The stock’s 50-day moving average is $31.63 and its 200 day moving average is $31.31. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $34.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $67.56 billion, a P/E ratio of 11.49 and a beta of 0.96.

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

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 12th will be issued a $0.5875 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.43. This represents a $2.35 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, December 12th. Canadian Natural Resources’s dividend payout ratio is presently 73.89%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNQ. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a report on Wednesday, September 24th. Zacks Research upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Natural Resources in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded shares of Canadian Natural Resources to a “hold” rating in a report on Thursday, October 16th. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Canadian Natural Resources Company 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).