Equitable Trust Co. Sells 748 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Equitable Trust Co. decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,198 shares of the oil and gas producer’s stock after selling 748 shares during the quarter. Equitable Trust Co.’s holdings in Canadian Natural Resources were worth $2,132,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CNQ. Private Advisor Group LLC grew its holdings in shares of Canadian Natural Resources by 17.7% in the first quarter. Private Advisor Group LLC now owns 8,666 shares of the oil and gas producer’s stock valued at $661,000 after purchasing an additional 1,303 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Canadian Natural Resources by 0.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,774 shares of the oil and gas producer’s stock worth $1,662,000 after buying an additional 204 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Canadian Natural Resources by 3.9% in the 1st quarter. Empowered Funds LLC now owns 27,504 shares of the oil and gas producer’s stock worth $2,099,000 after buying an additional 1,036 shares during the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Canadian Natural Resources by 23.4% in the 1st quarter. Atomi Financial Group Inc. now owns 7,491 shares of the oil and gas producer’s stock valued at $572,000 after acquiring an additional 1,420 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Canadian Natural Resources by 11.7% in the 1st quarter. Sei Investments Co. now owns 13,592 shares of the oil and gas producer’s stock valued at $1,037,000 after acquiring an additional 1,423 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of recent research reports. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. StockNews.com lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Finally, Wolfe Research assumed coverage on shares of Canadian Natural Resources in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.00.

Canadian Natural Resources Trading Down 1.8 %

CNQ stock opened at $34.17 on Friday. Canadian Natural Resources Limited has a 12 month low of $29.45 and a 12 month high of $41.29. The firm’s 50-day moving average is $34.51 and its 200 day moving average is $35.67. The company has a market capitalization of $72.22 billion, a PE ratio of 13.27 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.96 earnings per share. On average, research analysts anticipate that Canadian Natural Resources Limited will post 2.38 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.388 per share. This represents a $1.55 annualized dividend and a yield of 4.54%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 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).