Vise Technologies Inc. Has $2.02 Million Holdings in Canadian Natural Resources Limited $CNQ

Vise Technologies Inc. raised its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 36.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 59,789 shares of the oil and gas producer’s stock after acquiring an additional 15,898 shares during the period. Vise Technologies Inc.’s holdings in Canadian Natural Resources were worth $2,024,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Leonteq Securities AG acquired a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $31,000. GoalVest Advisory LLC purchased a new position in shares of Canadian Natural Resources during the fourth quarter valued at approximately $32,000. Quarry LP purchased a new position in shares of Canadian Natural Resources during the third quarter valued at approximately $32,000. LOM Asset Management Ltd purchased a new position in shares of Canadian Natural Resources during the fourth quarter valued at approximately $34,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of Canadian Natural Resources during the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

CNQ has been the topic of several analyst reports. Zacks Research raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research report on Wednesday, May 20th. Weiss Ratings cut Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada lifted their target price on Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Finally, The Goldman Sachs Group lifted their target price on Canadian Natural Resources from $37.00 to $49.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $45.74 on Monday. The business’s fifty day simple moving average is $46.78 and its 200 day simple moving average is $41.01. The firm has a market capitalization of $95.20 billion, a P/E ratio of 13.65 and a beta of 0.45. Canadian Natural Resources Limited has a 12 month low of $29.30 and a 12 month high of $51.34. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The business 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 period last year, the company posted $1.16 earnings per share. As a group, analysts anticipate that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.63%.

Canadian Natural Resources Company 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.