Cwm LLC Buys 478 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Cwm LLC grew its position in Canadian Natural Resources Limited (NYSE:CNQ – Get Rating) (TSE:CNQ) by 59.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,285 shares of the oil and gas producer’s stock after acquiring an additional 478 shares during the period. Cwm LLC’s holdings in Canadian Natural Resources were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CNQ. Raymond James Trust N.A. raised its position in Canadian Natural Resources by 2.3% in the first quarter. Raymond James Trust N.A. now owns 8,432 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 191 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Canadian Natural Resources by 57.6% in the second quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock valued at $32,000 after buying an additional 217 shares during the period. M&T Bank Corp increased its stake in shares of Canadian Natural Resources by 1.7% in the second quarter. M&T Bank Corp now owns 14,647 shares of the oil and gas producer’s stock valued at $786,000 after buying an additional 239 shares during the period. Gradient Investments LLC raised its holdings in Canadian Natural Resources by 2.9% in the 3rd quarter. Gradient Investments LLC now owns 8,571 shares of the oil and gas producer’s stock valued at $399,000 after buying an additional 245 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Canadian Natural Resources by 30.4% during the 2nd quarter. Parallel Advisors LLC now owns 1,159 shares of the oil and gas producer’s stock worth $62,000 after buying an additional 270 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $59.46 on Friday. The stock has a market capitalization of $65.58 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.59 and a beta of 1.52. Canadian Natural Resources Limited has a 52-week low of $44.45 and a 52-week high of $70.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.58 and a current ratio of 0.78. The stock’s 50 day moving average price is $56.90 and its two-hundred day moving average price is $54.88.

Canadian Natural Resources (NYSE:CNQ – Get Rating) (TSE:CNQ) last released its earnings results on Thursday, November 3rd. The oil and gas producer reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.28. The company had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.98 billion. Canadian Natural Resources had a net margin of 24.55% and a return on equity of 34.75%. On average, equities analysts predict that Canadian Natural Resources Limited will post 8.65 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Friday, December 16th were paid a $0.6237 dividend. The ex-dividend date was Thursday, December 15th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.58. This represents a $2.49 annualized dividend and a dividend yield of 4.20%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 31.43%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Scotiabank decreased their price target on shares of Canadian Natural Resources from C$91.00 to C$86.00 in a research report on Tuesday. TD Securities raised their target price on Canadian Natural Resources from C$92.00 to C$97.00 in a research report on Thursday, December 1st. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Monday, December 5th. Jefferies Financial Group started coverage on Canadian Natural Resources in a research note on Wednesday, October 19th. They issued a “hold” rating for the company. Finally, National Bank Financial lifted their price objective on Canadian Natural Resources from C$88.00 to C$105.00 in a research note on Thursday, December 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.23.

Canadian Natural Resources Profile

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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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.