Duality Advisers LP Purchases New Shares in Canadian Natural Resources Limited (NYSE:CNQ)

Duality Advisers LP purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,286 shares of the oil and gas producer’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CNQ. Healthcare of Ontario Pension Plan Trust Fund raised its position in Canadian Natural Resources by 43.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 7,640,000 shares of the oil and gas producer’s stock valued at $494,262,000 after buying an additional 2,305,000 shares during the last quarter. WCM Investment Management LLC raised its position in Canadian Natural Resources by 9,297.9% in the 4th quarter. WCM Investment Management LLC now owns 2,192,895 shares of the oil and gas producer’s stock valued at $143,284,000 after buying an additional 2,169,561 shares during the last quarter. Morgan Stanley raised its position in Canadian Natural Resources by 33.4% in the 3rd quarter. Morgan Stanley now owns 7,311,061 shares of the oil and gas producer’s stock valued at $472,806,000 after buying an additional 1,831,015 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Canadian Natural Resources by 15.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 12,852,785 shares of the oil and gas producer’s stock valued at $837,145,000 after buying an additional 1,750,013 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Canadian Natural Resources by 32.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,066,855 shares of the oil and gas producer’s stock valued at $456,999,000 after buying an additional 1,733,988 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 0.5 %

Shares of CNQ opened at $77.32 on Friday. The business has a 50-day moving average of $73.82 and a 200 day moving average of $67.68. Canadian Natural Resources Limited has a fifty-two week low of $52.66 and a fifty-two week high of $82.58. The firm has a market cap of $82.90 billion, a P/E ratio of 13.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.69 and a current ratio of 0.96.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, February 29th. The oil and gas producer reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.13. Canadian Natural Resources had a return on equity of 21.74% and a net margin of 20.15%. The company had revenue of $7.02 billion during the quarter, compared to analyst estimates of $6.73 billion. As a group, research analysts forecast that Canadian Natural Resources Limited will post 5.7 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.774 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.10 annualized dividend and a yield of 4.00%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.72. Canadian Natural Resources’s dividend payout ratio (DPR) is 53.25%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $94.00.

Canadian Natural Resources 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).