Donald Yacktman’s Latest Portfolio: Top 5 Stock Picks

1. Canadian Natural Resources Limited (NYSE:CNQ)

Yacktman Asset Management’s Stake Value: $906,817,000

Percentage of Yacktman Asset Management’s 13F Portfolio: 9.4%

Number of Hedge Fund Holders(Q1): 32

Canadian Natural Resources Limited (NYSE:CNQ), which became Yacktman Asset Management’s top stock pick at the end of the second quarter, remained the fund’s favourite stock at the end of June. Shares of the Canadian oil and gas giant, like most of its peers, have appreciated significantly this year and are currently trading up 60% year-to-date.

For the second quarter of 2022, Canadian Natural Resources Limited (NYSE:CNQ) reported net earnings of C$3.5B, more than double from C$1.55B that it had reported for the same quarter in the previous year. Along with its earning release, Canadian Natural Resources Limited (NYSE:CNQ) also revealed that it is upping its capital spending guidance for the year to C$4.92B from the C$4.345B it had guided previously. During its earnings announcement, the company also declared a special dividend of C$1.5 per share, including which it has returned $6.4 billion to shareholders this year alone.

You can also check out: Simon Sadler’s Segantii Capital is Bullish on These 10 Stocks and 7 Best Stocks to Buy According to Stephen Feinberg’s Cerberus Capital Management 

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