October 7, 2022

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Cwm LLC Has $41,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)


Cwm LLC boosted its stake in Canadian Natural Resources Limited (NYSE:CNQGet Rating) (TSE:CNQ) by 232.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 658 shares of the oil and gas producer’s stock after purchasing an additional 460 shares during the period. Cwm LLC’s holdings in Canadian Natural Resources were worth $41,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dividend Assets Capital LLC increased its holdings in Canadian Natural Resources by 0.4% in the first quarter. Dividend Assets Capital LLC now owns 39,178 shares of the oil and gas producer’s stock valued at $2,428,000 after purchasing an additional 161 shares during the period. Checchi Capital Advisers LLC increased its holdings in Canadian Natural Resources by 3.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,661 shares of the oil and gas producer’s stock valued at $281,000 after purchasing an additional 232 shares during the period. Evergreen Capital Management LLC increased its holdings in Canadian Natural Resources by 4.4% in the fourth quarter. Evergreen Capital Management LLC now owns 6,498 shares of the oil and gas producer’s stock valued at $275,000 after purchasing an additional 273 shares during the period. Pacifica Partners Inc. increased its holdings in Canadian Natural Resources by 0.4% in the first quarter. Pacifica Partners Inc. now owns 81,257 shares of the oil and gas producer’s stock valued at $4,630,000 after purchasing an additional 335 shares during the period. Finally, Spire Wealth Management increased its holdings in Canadian Natural Resources by 20.6% in the fourth quarter. Spire Wealth Management now owns 2,081 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 356 shares during the period. 68.45% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $47.30 on Friday. Canadian Natural Resources Limited has a 52 week low of $29.53 and a 52 week high of $70.60. The company’s 50 day moving average price is $58.34 and its two-hundred day moving average price is $57.36. The company has a quick ratio of 0.57, a current ratio of 0.75 and a debt-to-equity ratio of 0.29. The stock has a market cap of $54.40 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.30 and a beta of 1.57.

Canadian Natural Resources (NYSE:CNQGet Rating) (TSE:CNQ) last posted its earnings results on Thursday, May 5th. The oil and gas producer reported $2.26 EPS for the quarter, topping the consensus estimate of $1.94 by $0.32. Canadian Natural Resources had a net margin of 24.71% and a return on equity of 26.32%. The firm had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $7.12 billion. On average, equities analysts predict that Canadian Natural Resources Limited will post 8.32 earnings per share for the current year.

Canadian Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 17th were paid a dividend of $0.583 per share. The ex-dividend date was Thursday, June 16th. This represents a $2.33 annualized dividend and a dividend yield of 4.93%. Canadian Natural Resources’s payout ratio is currently 37.44%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CNQ. Credit Suisse Group increased their price target on Canadian Natural Resources from C$85.00 to C$93.00 in a report on Monday, May 9th. StockNews.com began coverage on Canadian Natural Resources in a report on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group increased their price target on Canadian Natural Resources from $64.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 20th. Stifel Nicolaus increased their price target on Canadian Natural Resources from C$111.00 to C$115.00 in a report on Thursday, June 30th. Finally, BMO Capital Markets increased their price target on Canadian Natural Resources from C$92.00 to C$95.00 in a report on Friday, May 6th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.60.

About Canadian Natural Resources

(Get Rating)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)



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