TD Asset Management Inc. Has $740.49 Million Stock Position in Canadian Natural Resources Ltd (NYSE:CNQ)

TD Asset Management Inc. raised its holdings in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,403,837 shares of the oil and gas producer’s stock after acquiring an additional 473,090 shares during the quarter. Canadian Natural Resources makes up about 1.1% of TD Asset Management Inc.’s portfolio, making the stock its 18th largest holding. TD Asset Management Inc. owned about 2.30% of Canadian Natural Resources worth $740,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Canadian Natural Resources by 33.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,046,432 shares of the oil and gas producer’s stock worth $145,900,000 after buying an additional 1,508,995 shares during the period. Geode Capital Management LLC boosted its holdings in Canadian Natural Resources by 23.7% in the 4th quarter. Geode Capital Management LLC now owns 11,718 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 2,242 shares during the period. Scout Investments Inc. bought a new stake in Canadian Natural Resources in the 1st quarter valued at about $216,000. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in Canadian Natural Resources by 4.0% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 218,843 shares of the oil and gas producer’s stock valued at $6,009,000 after purchasing an additional 8,398 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in Canadian Natural Resources by 2.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 23,708 shares of the oil and gas producer’s stock valued at $651,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 65.34% of the company’s stock.

A number of analysts have issued reports on CNQ shares. Canaccord Genuity reissued a “buy” rating and issued a $53.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, July 9th. CIBC reissued a “buy” rating and issued a $48.00 price objective on shares of Canadian Natural Resources in a report on Sunday, August 4th. Raymond James reissued a “buy” rating on shares of Canadian Natural Resources in a report on Friday, May 10th. Zacks Investment Research downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Monday, July 22nd. Finally, Royal Bank of Canada reissued an “average” rating and issued a $45.00 price objective on shares of Canadian Natural Resources in a report on Friday, May 10th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $41.88.

Shares of NYSE:CNQ traded up $0.34 during midday trading on Tuesday, hitting $24.05. The stock had a trading volume of 286,991 shares, compared to its average volume of 2,519,601. The stock has a 50-day moving average price of $25.90. The company has a market capitalization of $28.27 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.43 and a beta of 1.13. 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 fifty-two week low of $21.85 and a fifty-two week high of $35.95.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, August 1st. The oil and gas producer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.62 by $0.25. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.04 EPS. As a group, equities research analysts expect that Canadian Natural Resources Ltd will post 2.4 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.284 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a dividend yield of 4.72%. Canadian Natural Resources’s payout ratio is presently 51.63%.

Canadian Natural Resources 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.

Featured Article: Street Name

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

Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.