Waratah Capital Advisors Ltd. Has $2.31 Million Position in Canadian Natural Resource Ltd (CNQ)

Waratah Capital Advisors Ltd. decreased its position in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 93.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,925 shares of the oil and gas producer’s stock after selling 1,008,654 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Canadian Natural Resource were worth $2,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNQ. PNC Financial Services Group Inc. lifted its stake in Canadian Natural Resource by 1.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 89,181 shares of the oil and gas producer’s stock worth $3,217,000 after purchasing an additional 1,506 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Canadian Natural Resource by 2.8% in the 1st quarter. Guggenheim Capital LLC now owns 62,443 shares of the oil and gas producer’s stock worth $1,964,000 after purchasing an additional 1,703 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Canadian Natural Resource by 50.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,800 shares in the last quarter. Morningstar Investment Services LLC lifted its stake in Canadian Natural Resource by 18.3% in the 2nd quarter. Morningstar Investment Services LLC now owns 11,821 shares of the oil and gas producer’s stock worth $426,000 after purchasing an additional 1,828 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in Canadian Natural Resource by 8.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 25,527 shares of the oil and gas producer’s stock worth $921,000 after purchasing an additional 1,976 shares in the last quarter. Institutional investors own 67.06% of the company’s stock.

Shares of CNQ stock opened at $28.19 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 33.96, a P/E/G ratio of 1.98 and a beta of 1.23. Canadian Natural Resource Ltd has a 52 week low of $27.41 and a 52 week high of $38.20.



Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, August 2nd. The oil and gas producer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.50. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.28 billion. Canadian Natural Resource had a net margin of 12.34% and a return on equity of 8.35%. During the same period in the prior year, the company earned $0.29 EPS. As a group, equities analysts expect that Canadian Natural Resource Ltd will post 2.57 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were given a dividend of $0.257 per share. This represents a $1.03 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Thursday, September 13th. Canadian Natural Resource’s dividend payout ratio is 124.10%.

Several brokerages have commented on CNQ. ValuEngine cut shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, July 3rd. Royal Bank of Canada cut shares of Canadian Natural Resource from a “top pick” rating to an “outperform” rating and set a $38.40 price target on the stock. in a research note on Thursday, September 20th. They noted that the move was a valuation call. CIBC began coverage on shares of Canadian Natural Resource in a research note on Friday, October 5th. They issued a “sector outperform” rating on the stock. Finally, Macquarie cut shares of Canadian Natural Resource from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $48.68.

Canadian Natural Resource Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

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