Susquehanna Fundamental Investments LLC Purchases 853,100 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Susquehanna Fundamental Investments LLC boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 595.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 996,400 shares of the oil and gas producer’s stock after buying an additional 853,100 shares during the quarter. Canadian Natural Resources comprises 0.8% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 13th largest holding. Susquehanna Fundamental Investments LLC’s holdings in Canadian Natural Resources were worth $35,472,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SCP Investment LP acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $425,000. Advisory Services Network LLC acquired a new position in Canadian Natural Resources in the fourth quarter valued at about $323,000. Parallel Advisors LLC lifted its stake in Canadian Natural Resources by 113.0% in the fourth quarter. Parallel Advisors LLC now owns 3,521 shares of the oil and gas producer’s stock valued at $231,000 after buying an additional 1,868 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in Canadian Natural Resources by 2.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,058 shares of the oil and gas producer’s stock valued at $1,118,000 after buying an additional 420 shares during the period. Finally, Stifel Financial Corp lifted its stake in Canadian Natural Resources by 63.4% in the fourth quarter. Stifel Financial Corp now owns 158,510 shares of the oil and gas producer’s stock valued at $10,385,000 after buying an additional 61,497 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CNQ. Wolfe Research began coverage on Canadian Natural Resources in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research report on Tuesday, June 11th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.50.

Canadian Natural Resources Trading Up 1.7 %

NYSE CNQ opened at $33.21 on Friday. The firm has a market cap of $70.67 billion, a P/E ratio of 13.23 and a beta of 1.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.88 and a quick ratio of 0.59. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $36.35. Canadian Natural Resources Limited has a one year low of $29.45 and a one year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, August 1st. The oil and gas producer reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a return on equity of 22.09% and a net margin of 18.05%. The company had revenue of $7.76 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 13th will be given a $0.384 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is presently 61.75%.

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).