Public Sector Pension Investment Board Has $9.61 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Public Sector Pension Investment Board cut its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 288,942 shares of the oil and gas producer’s stock after selling 1,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in Canadian Natural Resources were worth $9,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC grew its position in Canadian Natural Resources by 59.9% in the 1st quarter. Tidal Investments LLC now owns 10,245 shares of the oil and gas producer’s stock valued at $782,000 after purchasing an additional 3,837 shares during the period. Atria Investments Inc acquired a new position in shares of Canadian Natural Resources during the first quarter valued at about $1,006,000. Cetera Investment Advisers increased its position in shares of Canadian Natural Resources by 305.4% during the first quarter. Cetera Investment Advisers now owns 36,858 shares of the oil and gas producer’s stock worth $2,813,000 after acquiring an additional 27,766 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Canadian Natural Resources by 61.7% in the 1st quarter. Cetera Advisors LLC now owns 19,821 shares of the oil and gas producer’s stock worth $1,513,000 after acquiring an additional 7,565 shares during the last quarter. Finally, Park Place Capital Corp lifted its position in Canadian Natural Resources by 100.0% in the 2nd quarter. Park Place Capital Corp now owns 716 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 358 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Up 0.9 %

Shares of CNQ stock opened at $33.82 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market capitalization of $71.37 billion, a price-to-earnings ratio of 13.13 and a beta of 1.50. Canadian Natural Resources Limited has a 52-week low of $29.45 and a 52-week high of $41.29. The company has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $35.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the prior year, the company posted $0.96 earnings per share. Research analysts anticipate that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.388 per share. The ex-dividend date is Friday, December 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a dividend yield of 4.59%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 60.58%.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of recent research reports. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

About Canadian Natural Resources

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).