Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Rempart Asset Management Inc.

Rempart Asset Management Inc. increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,987 shares of the oil and gas producer’s stock after purchasing an additional 4,490 shares during the quarter. Canadian Natural Resources makes up approximately 4.3% of Rempart Asset Management Inc.’s holdings, making the stock its 7th biggest holding. Rempart Asset Management Inc.’s holdings in Canadian Natural Resources were worth $20,535,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Aspire Private Capital LLC acquired a new stake in shares of Canadian Natural Resources during the 1st quarter worth about $11,623,500,000. Money Concepts Capital Corp acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $25,000. Captrust Financial Advisors increased its position in Canadian Natural Resources by 57.6% in the 2nd quarter. Captrust Financial Advisors now owns 594 shares of the oil and gas producer’s stock valued at $32,000 after acquiring an additional 217 shares in the last quarter. Delta Asset Management LLC TN acquired a new stake in Canadian Natural Resources in the 4th quarter valued at about $33,000. Finally, Fortis Capital Advisors LLC acquired a new stake in Canadian Natural Resources in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 73.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CNQ shares. CIBC raised their price objective on shares of Canadian Natural Resources from $90.00 to $93.00 and gave the company an “outperformer” rating in a research report on Tuesday, August 29th. UBS Group started coverage on shares of Canadian Natural Resources in a research report on Wednesday, July 12th. They issued a “buy” rating for the company. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Jefferies Financial Group raised their price objective on shares of Canadian Natural Resources from $84.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, August 28th. Finally, National Bank Financial cut shares of Canadian Natural Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.50.

Canadian Natural Resources Trading Down 0.6 %

Shares of NYSE:CNQ traded down $0.39 during trading on Friday, hitting $64.28. 1,919,394 shares of the company’s stock were exchanged, compared to its average volume of 2,077,124. Canadian Natural Resources Limited has a 1-year low of $44.45 and a 1-year high of $66.18. The firm has a 50-day moving average price of $61.14 and a two-hundred day moving average price of $58.04. The company has a current ratio of 0.70, a quick ratio of 0.47 and a debt-to-equity ratio of 0.25. The firm has a market cap of $70.09 billion, a P/E ratio of 12.63, a PEG ratio of 11.83 and a beta of 1.58.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). Canadian Natural Resources had a return on equity of 22.86% and a net margin of 18.14%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.44 billion. Equities analysts predict that Canadian Natural Resources Limited will post 5.08 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 Thursday, October 5th. Investors of record on Friday, September 15th will be paid a dividend of $0.6744 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.70 annualized dividend and a yield of 4.20%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 52.26%.

Canadian Natural Resources 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).