Gulf International Bank UK Ltd Has $206,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Gulf International Bank UK Ltd trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 54.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,224 shares of the oil and gas producer’s stock after selling 7,582 shares during the period. Gulf International Bank UK Ltd’s holdings in Canadian Natural Resources were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Moloney Securities Asset Management LLC increased its holdings in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares in the last quarter. KG&L Capital Management LLC boosted its position in shares of Canadian Natural Resources by 19.9% during the third quarter. KG&L Capital Management LLC now owns 6,775 shares of the oil and gas producer’s stock worth $225,000 after buying an additional 1,125 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Canadian Natural Resources by 21.2% during the third quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock worth $893,000 after buying an additional 4,702 shares in the last quarter. US Bancorp DE raised its position in Canadian Natural Resources by 2.8% in the 3rd quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after buying an additional 2,728 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its stake in Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after acquiring an additional 404 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on CNQ shares. StockNews.com downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Wolfe Research started coverage on shares of Canadian Natural Resources in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Desjardins upgraded 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, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $34.17 on Friday. The stock has a market capitalization of $72.22 billion, a PE ratio of 13.27 and a beta of 1.50. Canadian Natural Resources Limited has a 1-year low of $29.45 and a 1-year high of $41.29. The firm has a fifty day simple moving average of $34.51 and a 200 day simple moving average of $35.67. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data 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. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter last year, the firm posted $0.96 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 2.38 EPS for the current fiscal year.

Canadian Natural Resources Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.388 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Friday, December 13th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s payout ratio is 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).