Canadian Natural Resources Limited $CNQ Stake Raised by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 89.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,902,413 shares of the oil and gas producer’s stock after buying an additional 897,432 shares during the period. Canadian Natural Resources makes up approximately 6.2% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 3rd largest holding. Goehring & Rozencwajg Associates LLC owned 0.09% of Canadian Natural Resources worth $64,444,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in Canadian Natural Resources in the 4th quarter worth approximately $28,000. Leonteq Securities AG purchased a new stake in Canadian Natural Resources in the 4th quarter worth approximately $31,000. GoalVest Advisory LLC purchased a new stake in Canadian Natural Resources in the 4th quarter worth approximately $32,000. Quarry LP purchased a new stake in Canadian Natural Resources in the 3rd quarter worth approximately $32,000. Finally, LOM Asset Management Ltd purchased a new stake in Canadian Natural Resources in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CNQ. Zacks Research lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 8th. ATB Cormark Capital Markets lowered Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. 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 upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group upped their price objective on Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Canadian Natural Resources Trading Down 0.3%

Shares of NYSE:CNQ opened at $45.32 on Friday. Canadian Natural Resources Limited has a 1 year low of $29.30 and a 1 year high of $51.34. The firm has a market capitalization of $94.33 billion, a price-to-earnings ratio of 13.53 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.68. The business’s 50 day moving average price is $46.46 and its 200-day moving average price is $41.37.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the firm posted $1.16 EPS. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Announces Dividend

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