2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company raised its stake in shares of Canadian Natural Resources Limited ( NYSE:CNQ – Free Report ) (TSE:CNQ) by 102.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,084,649 shares of the oil and gas producer’s stock after acquiring an additional 13,694,741 shares during the period.
Canadian Natural Resources makes up 0.9% of The Manufacturers Life Insurance Company’s holdings, making the stock its 10th biggest holding. The Manufacturers Life Insurance Company owned approximately 1.
27% of Canadian Natural Resources worth $963,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also recently made changes to their positions in CNQ. TD Asset Management Inc raised its position in Canadian Natural Resources by 96.
2% in the second quarter. TD Asset Management Inc now owns 42,518,833 shares of the oil and gas producer’s stock valued at $1,514,190,000 after purchasing an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Canadian Natural Resources by 93.
0% in the second quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock valued at $1,476,644,000 after buying an additional 19,980,902 shares in the last quarter. 1832 Asset Management L.
P. raised its holdings in shares of Canadian Natural Resources by 105.3% in the 2nd quarter.
1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock valued at $1,127,382,000 after buying an additional 16,245,046 shares during the period.
Yacktman Asset Management LP lifted its stake in Canadian Natural Resources by 95.9% during the 2nd quarter. Yacktman Asset Management LP now owns 29,456,746 shares of the oil and gas producer’s stock worth $1,048,660,000 after acquiring an additional 14,418,835 shares in the last quarter.
Finally, Toronto Dominion Bank boosted its holdings in Canadian Natural Resources by 254.7% during the 2nd quarter. Toronto Dominion Bank now owns 18,501,417 shares of the oil and gas producer’s stock valued at $658,650,000 after acquiring an additional 13,284,985 shares during the period.
74.03% of the stock is currently owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of analysts have issued reports on the stock.
StockNews.com lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Wolfe Research initiated coverage on shares of Canadian Natural Resources in a research note on Thursday, July 18th.
They set a “peer perform” rating on the stock. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canadian Natural Resources in a report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock.
According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.50. Canadian Natural Resources Stock Performance Shares of CNQ opened at $32.
64 on Friday. Canadian Natural Resources Limited has a 1 year low of $29.45 and a 1 year high of $41.
29. The stock has a market capitalization of $69.45 billion, a PE ratio of 13.
00 and a beta of 1.51. The company has a debt-to-equity ratio of 0.
24, a quick ratio of 0.59 and a current ratio of 0.88.
The stock has a 50-day simple moving average of $34.65 and a 200-day simple moving average of $36.37.
Canadian Natural Resources ( NYSE:CNQ – Get Free Report ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
62 by $0.26. Canadian Natural Resources had a net margin of 18.
05% and a return on equity of 22.09%. The company had revenue of $7.
76 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the previous year, the firm earned $0.
43 earnings per share. On average, analysts predict that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.
Canadian Natural Resources Cuts Dividend The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.384 per share.
This represents a $1.54 dividend on an annualized basis and a yield of 4.71%.
The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is 61.75%.
Canadian Natural Resources Company Profile ( Free Report ) 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). Featured Stories Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.
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