Hara Capital LLC Has $509,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Hara Capital LLC lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,330 shares of the oil and gas producer’s stock after selling 900 shares during the quarter. Hara Capital LLC’s holdings in Canadian Natural Resources were worth $509,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNQ. Capital World Investors boosted its holdings in shares of Canadian Natural Resources by 0.5% during the 1st quarter. Capital World Investors now owns 144,344,207 shares of the oil and gas producer’s stock worth $11,011,765,000 after buying an additional 684,532 shares during the period. Vanguard Group Inc. lifted its position in Canadian Natural Resources by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 43,813,537 shares of the oil and gas producer’s stock worth $3,343,849,000 after acquiring an additional 714,346 shares during the last quarter. TD Asset Management Inc boosted its holdings in Canadian Natural Resources by 96.2% during 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 acquiring an additional 20,843,193 shares during the period. Canada Pension Plan Investment Board grew its position 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 purchasing an additional 19,980,902 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Canadian Natural Resources by 105.3% in the second quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock worth $1,127,382,000 after purchasing an additional 16,245,046 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CNQ. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Finally, Wolfe Research initiated coverage on shares of Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded up $0.01 during trading hours on Thursday, hitting $34.65. The stock had a trading volume of 481,179 shares, compared to its average volume of 5,347,657. The company has a 50-day moving average of $34.59 and a two-hundred day moving average of $35.70. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The company has a market cap of $73.23 billion, a PE ratio of 13.45 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the company posted $0.96 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.4 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.58%.

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).