Canadian Natural Resources Limited (CNQ) Stake Boosted by Investec Asset Management North America Inc.

Investec Asset Management North America Inc. lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,367 shares of the oil and gas producer’s stock after purchasing an additional 2,189 shares during the quarter. Investec Asset Management North America Inc.’s holdings in Canadian Natural Resources Limited were worth $961,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CNQ. Fiduciary Trust Co. acquired a new position in shares of Canadian Natural Resources Limited during the 2nd quarter worth $126,000. Acadian Asset Management LLC grew its stake in shares of Canadian Natural Resources Limited by 2,400.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock worth $163,000 after purchasing an additional 4,800 shares during the period. Greenleaf Trust acquired a new position in shares of Canadian Natural Resources Limited during the 2nd quarter worth $204,000. Private Advisor Group LLC acquired a new position in shares of Canadian Natural Resources Limited during the 1st quarter worth $205,000. Finally, Oxford Asset Management acquired a new position in shares of Canadian Natural Resources Limited during the 1st quarter worth $212,000. 58.56% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Limited (NYSE CNQ) traded up 0.03% during midday trading on Monday, hitting $32.86. 219,560 shares of the company’s stock traded hands. Canadian Natural Resources Limited has a 52 week low of $27.52 and a 52 week high of $35.28. The company has a 50 day moving average of $31.44 and a 200-day moving average of $30.90. The company has a market capitalization of $39.93 billion, a PE ratio of 29.55 and a beta of 1.45.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a $0.2212 dividend. The ex-dividend date is Thursday, September 14th. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.69%. Canadian Natural Resources Limited’s payout ratio is 86.28%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $36.00 price objective on shares of Canadian Natural Resources Limited in a research note on Thursday, June 22nd. National Bank Financial began coverage on shares of Canadian Natural Resources Limited in a research note on Tuesday, June 27th. They issued an “outperform” rating on the stock. ValuEngine raised shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BidaskClub raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.18.

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Canadian Natural Resources Limited Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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

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