Allworth Financial LP Has $217,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Allworth Financial LP trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 14.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,528 shares of the oil and gas producer’s stock after selling 1,092 shares during the period. Allworth Financial LP’s holdings in Canadian Natural Resources were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lighthouse Investment Partners LLC acquired a new position in shares of Canadian Natural Resources in the 2nd quarter worth approximately $890,000. Capital Wealth Planning LLC raised its position in shares of Canadian Natural Resources by 228.5% during the second quarter. Capital Wealth Planning LLC now owns 91,652 shares of the oil and gas producer’s stock worth $3,263,000 after purchasing an additional 63,756 shares during the period. Souders Financial Advisors lifted its stake in Canadian Natural Resources by 103.0% in the second quarter. Souders Financial Advisors now owns 99,999 shares of the oil and gas producer’s stock valued at $3,560,000 after buying an additional 50,744 shares in the last quarter. Baskin Financial Services Inc. lifted its position in Canadian Natural Resources by 1.5% in the 3rd quarter. Baskin Financial Services Inc. now owns 985,280 shares of the oil and gas producer’s stock valued at $32,696,000 after acquiring an additional 14,812 shares in the last quarter. Finally, JBF Capital Inc. boosted its position in shares of Canadian Natural Resources by 101.1% during the second quarter. JBF Capital Inc. now owns 512,198 shares of the oil and gas producer’s stock worth $18,234,000 after buying an additional 257,549 shares during the period. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Down 0.6 %

NYSE:CNQ opened at $34.19 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.59 and a current ratio of 0.88. The firm’s fifty day moving average is $34.83 and its 200-day moving average is $35.86. Canadian Natural Resources Limited has a 52 week low of $29.45 and a 52 week high of $41.29. The firm has a market cap of $72.75 billion, a P/E ratio of 13.62 and a beta of 1.50.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.26. Canadian Natural Resources had a net margin of 18.05% and a return on equity of 22.09%. The company had revenue of $7.76 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities analysts expect that Canadian Natural Resources Limited will post 2.5 earnings per share for the current year.

Canadian Natural Resources Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.388 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.55 annualized dividend and a dividend yield of 4.54%. Canadian Natural Resources’s payout ratio is presently 66.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CNQ. Wolfe Research initiated coverage on Canadian Natural Resources in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.50.

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).