PCJ Investment Counsel Ltd. trimmed its holdings in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 28.8% in the first quarter, Holdings Channel.com reports. The fund owned 136,105 shares of the oil and gas producer’s stock after selling 55,105 shares during the period. Canadian Natural Resources comprises 1.3% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 26th biggest holding. PCJ Investment Counsel Ltd.’s holdings in Canadian Natural Resources were worth $1,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Canadian Natural Resources by 21.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,094 shares of the oil and gas producer’s stock valued at $98,000 after acquiring an additional 546 shares during the last quarter. Signaturefd LLC lifted its stake in Canadian Natural Resources by 35.2% during the first quarter. Signaturefd LLC now owns 9,426 shares of the oil and gas producer’s stock valued at $128,000 after buying an additional 2,455 shares in the last quarter. Willingdon Wealth Management purchased a new stake in Canadian Natural Resources during the fourth quarter valued at about $136,000. Keebeck Alpha LP lifted its stake in Canadian Natural Resources by 66.1% during the first quarter. Keebeck Alpha LP now owns 11,268 shares of the oil and gas producer’s stock valued at $153,000 after buying an additional 4,486 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Canadian Natural Resources by 84.9% during the fourth quarter. Quadrant Capital Group LLC now owns 5,860 shares of the oil and gas producer’s stock valued at $176,000 after buying an additional 2,690 shares in the last quarter. 68.01% of the stock is owned by institutional investors.

NYSE:CNQ traded up $0.17 during mid-day trading on Wednesday, reaching $20.17. The stock had a trading volume of 259,259 shares, compared to its average volume of 3,809,079. The business’s 50 day moving average is $15.87 and its 200 day moving average is $23.14. Canadian Natural Resources Ltd has a fifty-two week low of $6.71 and a fifty-two week high of $32.79. The stock has a market cap of $22.40 billion, a P/E ratio of 10.12 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.66 and a quick ratio of 0.51.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.29). Canadian Natural Resources had a return on equity of 6.70% and a net margin of 13.51%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the prior year, the company posted $0.70 EPS. Equities analysts expect that Canadian Natural Resources Ltd will post -1.29 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a dividend of $0.3003 per share. The ex-dividend date is Thursday, June 11th. This represents a $1.20 annualized dividend and a yield of 5.96%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 55.95%.

CNQ has been the subject of a number of analyst reports. Morgan Stanley lowered shares of Canadian Natural Resources from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 16th. Goldman Sachs Group raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating and upped their price objective for the company from $15.00 to $21.00 in a research note on Thursday, May 14th. UBS Group reduced their price objective on shares of Canadian Natural Resources from $55.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. JPMorgan Chase & Co. dropped their target price on Canadian Natural Resources from $44.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Finally, Raymond James reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Friday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Canadian Natural Resources currently has an average rating of “Buy” and an average price target of $34.36.

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.

See Also: Cost of Equity For A Business, Investors

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

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