Premia Global Advisors LLC purchased a new position in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,067 shares of the oil and gas producer’s stock, valued at approximately $145,000.
A number of other large investors have also recently added to or reduced their stakes in the business. TD Asset Management Inc. lifted its stake in Canadian Natural Resource by 6.5% during the third quarter. TD Asset Management Inc. now owns 23,511,155 shares of the oil and gas producer’s stock worth $785,617,000 after purchasing an additional 1,437,849 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Canadian Natural Resource by 39.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 10,882,795 shares of the oil and gas producer’s stock valued at $388,734,000 after acquiring an additional 3,074,138 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Canadian Natural Resource by 11.1% in the third quarter. Ameriprise Financial Inc. now owns 10,842,877 shares of the oil and gas producer’s stock valued at $363,126,000 after acquiring an additional 1,080,838 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Canadian Natural Resource by 64.3% in the fourth quarter. Mackenzie Financial Corp now owns 10,423,026 shares of the oil and gas producer’s stock valued at $372,310,000 after acquiring an additional 4,080,120 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Canadian Natural Resource by 5.5% in the third quarter. Great West Life Assurance Co. Can now owns 9,123,162 shares of the oil and gas producer’s stock valued at $305,279,000 after acquiring an additional 478,811 shares in the last quarter. Institutional investors own 60.68% of the company’s stock.
Several analysts have recently issued reports on CNQ shares. Zacks Investment Research cut Canadian Natural Resource from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Morgan Stanley increased their price objective on Canadian Natural Resource from $52.00 to $58.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. UBS Group started coverage on Canadian Natural Resource in a research note on Wednesday, March 7th. They issued a “buy” rating on the stock. AltaCorp Capital reiterated a “buy” rating and issued a $52.00 price objective on shares of Canadian Natural Resource in a research note on Monday, January 15th. Finally, Wells Fargo & Co cut Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.67.
Canadian Natural Resource Ltd (NYSE CNQ) opened at $29.96 on Wednesday. The company has a market capitalization of $36,908.99, a price-to-earnings ratio of 0.10, a P/E/G ratio of 2.53 and a beta of 1.38. The company has a quick ratio of 0.64, a current ratio of 0.78 and a debt-to-equity ratio of 0.65. Canadian Natural Resource Ltd has a twelve month low of $27.52 and a twelve month high of $37.63.
Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, March 1st. The oil and gas producer reported $368.52 EPS for the quarter, beating the consensus estimate of $0.30 by $368.22. The firm had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.56 billion. Canadian Natural Resource had a return on equity of 4.21% and a net margin of 14.29%. equities analysts expect that Canadian Natural Resource Ltd will post 2.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 16th will be issued a $0.261 dividend. This represents a $1.04 annualized dividend and a yield of 3.48%. The ex-dividend date is Thursday, March 15th. This is a positive change from Canadian Natural Resource’s previous quarterly dividend of $0.21. Canadian Natural Resource’s dividend payout ratio is 0.28%.
ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2018/03/14/4067-shares-in-canadian-natural-resource-ltd-cnq-purchased-by-premia-global-advisors-llc.html.
Canadian Natural Resource Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ).
Receive News & Ratings for Canadian Natural Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resource and related companies with MarketBeat.com's FREE daily email newsletter.