NumerixS Investment Technologies Inc Lowers Holdings in Canadian Natural Resources Ltd (NYSE:CNQ)

NumerixS Investment Technologies Inc decreased its position in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 22.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,210 shares of the oil and gas producer’s stock after selling 1,790 shares during the period. NumerixS Investment Technologies Inc’s holdings in Canadian Natural Resources were worth $167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNQ. Icon Wealth Partners LLC purchased a new stake in Canadian Natural Resources during the first quarter worth $28,000. Zions Bancorporation N.A. acquired a new position in shares of Canadian Natural Resources in the 1st quarter valued at $28,000. Bremer Bank National Association acquired a new position in shares of Canadian Natural Resources in the 1st quarter valued at $34,000. Huntington National Bank increased its position in shares of Canadian Natural Resources by 348.8% in the 2nd quarter. Huntington National Bank now owns 1,333 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 1,036 shares during the period. Finally, Cornerstone Advisors Inc. increased its position in shares of Canadian Natural Resources by 245.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 1,806 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 1,283 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Several equities analysts recently issued reports on CNQ shares. ValuEngine raised Canadian Natural Resources from a “hold” rating to a “buy” rating in a research report on Monday. Goldman Sachs Group reissued a “neutral” rating on shares of Canadian Natural Resources in a research report on Monday, July 22nd. Wells Fargo & Co lowered shares of Canadian Natural Resources from a “market perform” rating to an “underperform” rating in a report on Friday, September 6th. CIBC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Canadian Natural Resources in a report on Sunday, August 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $53.00 price target on shares of Canadian Natural Resources in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Canadian Natural Resources currently has an average rating of “Buy” and a consensus price target of $41.88.

Shares of CNQ stock traded up $0.23 during mid-day trading on Friday, hitting $27.38. 38,123 shares of the stock were exchanged, compared to its average volume of 2,974,455. The firm has a fifty day moving average of $24.20 and a 200 day moving average of $26.77. The company has a quick ratio of 0.44, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. Canadian Natural Resources Ltd has a 52-week low of $21.85 and a 52-week high of $33.86. The company has a market cap of $33.05 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its earnings results on Thursday, August 1st. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.25. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.36 billion. Canadian Natural Resources had a net margin of 22.22% and a return on equity of 8.62%. During the same period in the prior year, the company posted $1.04 EPS. Equities analysts predict that Canadian Natural Resources Ltd will post 2.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.284 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, September 12th. This represents a $1.14 dividend on an annualized basis and a yield of 4.15%. Canadian Natural Resources’s dividend payout ratio is presently 52.56%.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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

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