Canadian Phosphate Director Stuart Richardson Increases Stake in Company

Canadian Phosphate Limited has announced a change in the director's interest notice, specifically regarding Stuart Richardson. Richardson acquired 150,000 fully paid ordinary shares via on-market trade, increasing his total holdings in the company. This acquisition reflects a strategic move to consolidate his position within the company, potentially impacting the company's governance and shareholder dynamics.

Canadian Natural Resources Limited (CNQ) reported its quarterly earnings and dividend update, providing insights into the company's financial performance and investor sentiment. The oil and gas producer reported an earnings per share (EPS) of $0.81, surpassing the consensus estimate of $0.73. Revenue totaled $6.96 billion, falling short of analysts' expectations of $10.14 billion. The company also declared a quarterly dividend of $0.4227, an increase from the previous dividend of $0.41, reflecting a 5.3% yield and a payout ratio of 67.06% [1].

Institutional investors have shown varying levels of interest in CNQ. Alberta Investment Management Corp (AIMCo) trimmed its holdings in CNQ by 7.5% in the first quarter, owning 5,311,147 shares after selling 430,492 shares. Other institutional investors, such as Mesirow Financial Investment Management Inc., XTX Topco Ltd., Avalon Capital Management, Mackenzie Financial Corp, and Zurcher Kantonalbank Zurich Cantonalbank, have also adjusted their stakes in CNQ [1].

Analysts have expressed mixed opinions on CNQ. Raymond James Financial and Scotiabank have upgraded CNQ to an "outperform" rating, while National Bankshares has maintained a "sector perform" rating. Three analysts have assigned a hold rating, and four have recommended a buy rating. The consensus rating is "Moderate Buy" with a price target of $63.00 [1].

CNQ's stock performance has been volatile, with the stock trading down $0.71 to $30.99 on July 1, 2025. The company's market capitalization stands at $64.79 billion, with a price-to-earnings ratio of 12.15 and a beta of 1.05. The stock has a 50-day moving average of $31.80 and a 200-day moving average of $30.39 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-alberta-investment-management-corp-lowers-stock-position-in-canadian-natural-resources-limited-nysecnq-2025-08-01/