Janney Montgomery Scott LLC Purchases 4,702 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Janney Montgomery Scott LLC lifted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,900 shares of the oil and gas producer’s stock after purchasing an additional 4,702 shares during the period. Janney Montgomery Scott LLC’s holdings in Canadian Natural Resources were worth $893,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Canadian Natural Resources by 2.8% in the third quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after acquiring an additional 2,728 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its holdings in Canadian Natural Resources by 4.1% in the third 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. First Trust Direct Indexing L.P. boosted its holdings in Canadian Natural Resources by 14.8% in the third quarter. First Trust Direct Indexing L.P. now owns 35,088 shares of the oil and gas producer’s stock valued at $1,165,000 after acquiring an additional 4,523 shares in the last quarter. Galibier Capital Management Ltd. boosted its holdings in Canadian Natural Resources by 23.2% in the third quarter. Galibier Capital Management Ltd. now owns 777,962 shares of the oil and gas producer’s stock valued at $25,862,000 after acquiring an additional 146,676 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in Canadian Natural Resources by 134.9% in the third quarter. Fidelis Capital Partners LLC now owns 24,139 shares of the oil and gas producer’s stock valued at $848,000 after acquiring an additional 13,863 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $33.10 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $69.96 billion, a P/E ratio of 12.88 and a beta of 1.50. The business has a fifty day simple moving average of $34.43 and a two-hundred day simple moving average of $35.49. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29.

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 the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $0.96 earnings per share. On average, equities analysts forecast that Canadian Natural Resources Limited will post 2.38 earnings per share for the current fiscal year.

Canadian Natural Resources Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.388 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. Canadian Natural Resources’s payout ratio is currently 64.59%.

Analysts Set New Price Targets

CNQ has been the topic of several recent analyst reports. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. StockNews.com cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.00.

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).