SG Americas Securities LLC Purchases 32,001 Shares of Canadian Natural Resources Ltd (NYSE:CNQ)

SG Americas Securities LLC raised its position in shares of Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 212.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,032 shares of the oil and gas producer’s stock after acquiring an additional 32,001 shares during the period. SG Americas Securities LLC’s holdings in Canadian Natural Resources were worth $1,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Canadian Natural Resources by 10.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,292,920 shares of the oil and gas producer’s stock valued at $196,690,000 after buying an additional 666,731 shares during the last quarter. National Pension Service acquired a new position in shares of Canadian Natural Resources during the second quarter valued at about $55,410,000. D. E. Shaw & Co. Inc. raised its position in shares of Canadian Natural Resources by 711.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,400,266 shares of the oil and gas producer’s stock valued at $37,764,000 after buying an additional 1,227,685 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Canadian Natural Resources by 92.6% during the second quarter. Wells Fargo & Company MN now owns 271,925 shares of the oil and gas producer’s stock valued at $7,334,000 after buying an additional 130,737 shares during the last quarter. Finally, Caymus Capital Partners L.P. acquired a new position in shares of Canadian Natural Resources during the second quarter valued at about $12,869,000. Institutional investors own 66.20% of the company’s stock.

NYSE:CNQ opened at $28.21 on Tuesday. Canadian Natural Resources Ltd has a 12-month low of $21.85 and a 12-month high of $31.77. The company has a quick ratio of 0.45, a current ratio of 0.60 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $33.19 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.72 and a beta of 1.16. The firm has a 50-day moving average price of $26.15 and a 200 day moving average price of $26.07.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, November 7th. The oil and gas producer reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.44. Canadian Natural Resources had a net margin of 18.37% and a return on equity of 7.87%. The firm had revenue of $4.67 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, research analysts expect that Canadian Natural Resources Ltd will post 2.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Wednesday, December 11th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, December 10th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.28. Canadian Natural Resources’s dividend payout ratio is 52.56%.

CNQ has been the subject of a number of research analyst reports. TD Securities upped their price objective on shares of Canadian Natural Resources from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, November 8th. National Bank Financial upped their price objective on shares of Canadian Natural Resources from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. CIBC upped their price objective on shares of Canadian Natural Resources from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Wells Fargo & Co lowered shares of Canadian Natural Resources from a “market perform” rating to an “underperform” rating in a research report on Friday, September 6th. Finally, Goldman Sachs Group set a $29.00 price objective on shares of Canadian Natural Resources and gave the company a “hold” rating in a research report on Friday, September 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.06.

About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. 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 Resources (NYSE:CNQ)

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