Janus Henderson Group PLC cut its holdings in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,601,821 shares of the oil and gas producer’s stock after selling 51,051 shares during the quarter. Janus Henderson Group PLC owned approximately 0.54% of Canadian Natural Resource worth $215,624,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Legacy Financial Advisors Inc. acquired a new position in Canadian Natural Resource during the 3rd quarter valued at approximately $148,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Canadian Natural Resource during the 3rd quarter valued at approximately $153,000. Cubist Systematic Strategies LLC boosted its position in Canadian Natural Resource by 50.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,800 shares during the period. Checchi Capital Advisers LLC acquired a new position in Canadian Natural Resource during the 3rd quarter valued at approximately $212,000. Finally, Signaturefd LLC boosted its position in Canadian Natural Resource by 49.7% during the 2nd quarter. Signaturefd LLC now owns 6,999 shares of the oil and gas producer’s stock valued at $252,000 after purchasing an additional 2,323 shares during the period. Institutional investors own 66.40% of the company’s stock.
Shares of Canadian Natural Resource stock opened at $26.91 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.69 and a current ratio of 0.92. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.37. Canadian Natural Resource Ltd has a 1-year low of $26.13 and a 1-year high of $38.20.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.79%. The ex-dividend date is Friday, December 7th. Canadian Natural Resource’s payout ratio is currently 124.10%.
A number of research firms recently issued reports on CNQ. Canaccord Genuity restated a “buy” rating and set a $50.00 price objective on shares of Canadian Natural Resource in a research report on Tuesday. ValuEngine lowered Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. CIBC began coverage on Canadian Natural Resource in a research report on Friday, October 5th. They set a “sector outperform” rating for the company. Morgan Stanley reduced their price objective on Canadian Natural Resource from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada restated a “buy” rating on shares of Canadian Natural Resource in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.08.
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Canadian Natural Resource Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). 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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