Epacria Capital Partners LLC Acquires 73,536 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Epacria Capital Partners LLC raised its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 89.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 155,403 shares of the oil and gas producer’s stock after acquiring an additional 73,536 shares during the quarter. Canadian Natural Resources makes up 3.5% of Epacria Capital Partners LLC’s investment portfolio, making the stock its 8th biggest holding. Epacria Capital Partners LLC’s holdings in Canadian Natural Resources were worth $5,161,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Tidal Investments LLC boosted its holdings in shares of 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 buying an additional 3,837 shares in the last quarter. Atria Investments Inc acquired a new position in Canadian Natural Resources in the first quarter valued at $1,006,000. Cetera Investment Advisers grew its holdings 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 purchasing an additional 27,766 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Canadian Natural Resources by 61.7% during the first quarter. Cetera Advisors LLC now owns 19,821 shares of the oil and gas producer’s stock worth $1,513,000 after purchasing an additional 7,565 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Canadian Natural Resources by 10.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,400,616 shares of the oil and gas producer’s stock worth $105,543,000 after purchasing an additional 127,549 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Five research 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.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $33.52 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. Canadian Natural Resources Limited has a fifty-two week low of $29.45 and a fifty-two week high of $41.29. The firm has a 50-day simple moving average of $34.64 and a 200-day simple moving average of $35.24. The company has a market capitalization of $70.74 billion, a price-to-earnings ratio of 13.04 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.96 EPS. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.63%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is 64.59%.

Canadian Natural Resources Company 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).