Canadian Natural Resources
CNQ
Market cap $40.2B

37.60 USD

+0.15

0.40%

At close Oct 11, 4:00 PM EDT

After hours

38.06

+0.46

1.22%

1 day

0.40%

5 days

5.12%

1 month

16.09%

3 months

2.87%

6 months

-7.87%

Year to date

14.39%

1 year

15.34%

5 years

195.37%

About: Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.

Employees: 10,272

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,444% more repeat investments, than reductions

Existing positions increased: 494 | Existing positions reduced: 32

71.13% more ownership

Funds ownership: 74.19% [Q1] → 145.32% (+71.13%) [Q2]

26% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 58

3% more funds holding

Funds holding: 590 [Q1] → 605 (+15) [Q2]

10% less capital invested

Capital invested by funds: $62.2B [Q1] → $55.7B (-$6.44B) [Q2]

20% less funds holding in top 10

Funds holding in top 10: 46 [Q1] → 37 (-9) [Q2]

24% less call options, than puts

Call options by funds: $341M | Put options by funds: $451M

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Research analyst outlook

We haven’t received any recent analyst ratings for CNQ.

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Financial journalist opinion

Based on 16 articles about CNQ published over the past 30 days

Canadian Natural Resources: A Great Dividend Stock For Income Investors

Canadian Natural Resources Limited is a top dividend stock with a 25-year track record of increasing dividends, boasting a 21% CAGR. CNQ's strong financials include a levered free cash flow margin of 24.19% and a net income margin of 20.88%, ensuring dividend sustainability. Recent acquisition of Chevron's Alberta assets and a 7% dividend increase highlight CNQ's strategic growth and commitment to shareholder value.

Canadian Natural Resources: A Great Dividend Stock For Income Investors

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Canadian Natural Resources: Prepare For Even Higher Dividends And Cash Flows

Canadian Natural Resources Limited remains a top dividend growth pick, announcing another dividend increase and a significant $6.5 billion acquisition of Chevron's Alberta assets. The acquisition boosts CNQ's production by 84,000 barrels per day, enhancing cash flow with minimal risk due to already developed assets. CNQ's dividend yield is around 4.6%, with a 12% increase this year, making it highly attractive for dividend growth investors.

Canadian Natural Resources: Prepare For Even Higher Dividends And Cash Flows

Canadian Natural Resources Expands Alberta Footprint with Chevron Asset Buy, Boosts Dividend 7%

Canadian Natural Resources Limited (CNQ, Financial) has announced its agreement to acquire Chevron Canada's 20% stake in the Athabasca Oil Sands Project situated in Alberta, raising its ownership to 90%. This acquisition based on Oil sand mines and a carbon capture facility, will add 62,500 barrels per day of Synthetic Crude Oil to CNQ's production.

Canadian Natural Resources Expands Alberta Footprint with Chevron Asset Buy, Boosts Dividend 7%

Chevron Sells Canadian Shale Assets to Canadian Natural Resources for $6.5 Billion

Chevron (CVX, Financial) is selling its stakes in two Canadian shale assets to Canadian Natural Resources (CNQ, Financial) for $6.5 billion in cash. The deal includes a 20% interest in the Athabasca Oil Sands project and a 70% interest in the Duvernay Shale, which together produced 84,000 barrels of oil equivalent per day in 2023.

Chevron Sells Canadian Shale Assets to Canadian Natural Resources for $6.5 Billion

Proactive Investors

Canadian Natural Resources acquires Chevron's Alberta assets for $6.5B

Canadian Natural Resources Limited (TSX:CNQ) is acquiring a 20% interest in the Athabasca Oil Sands Project (AOSP) in Alberta, Canada from Chevron Corporation (NYSE:CVX, ETR:CHV)'s indirect subsidiary Chevron Canada bringing its stake in the project to 90%. Canadian Natural is also acquiring Chevron's 70% operated working interest in Duvernay shale, also located in Alberta.

Canadian Natural Resources acquires Chevron's Alberta assets for $6.5B

Chevron to Sell Oil Sands to Canadian Natural Resources in $6.5 Billion Deal

The company is expected to divest $10 billion to $15 billion of assets by 2028.

Chevron to Sell Oil Sands to Canadian Natural Resources in $6.5 Billion Deal

Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash

The deal is expected to close in the fourth quarter.

Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash

Chevron to sell interests in Athabasca Oil Sands and Duvernay shale to Canadian Natural Resources for $6.5 billion

Chevron said on Monday that it would sell its non-operated interest in the Athabasca Oil Sands Project and its operated interest in Duvernay shale, all located in Alberta, Canada, to Canadian Natural Resources for $6.5 billion.

Chevron to sell interests in Athabasca Oil Sands and Duvernay shale to Canadian Natural Resources for $6.5 billion

Canadian Natural Resources Limited Announces Increased Quarterly Dividend

Calgary, Alberta--(Newsfile Corp. - October 7, 2024) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that, in conjunction with the acquisition of Chevron Canada Limited's ("Chevron") Alberta assets and as a result of Canadian Natural's significant free cash flow, including targeted additional free cash flow generation from the acquired assets and the Company's strong financial position, the Board of Directors have agreed to increase the quarterly cash dividend by 7% to $0.5625 (fifty-six and one quarter cents) per common share, up from the previous quarterly cash dividend of $0.525 (fifty-two and one half cents) per common share. The dividend will be payable on January 3, 2025 to shareholders of record at the close of business on December 13, 2024.

Canadian Natural Resources Limited Announces Increased Quarterly Dividend

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