Great West Life Assurance Co. Can Grows Position in Canadian Natural Resources Limited (CNQ)

Great West Life Assurance Co. Can raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,123,162 shares of the oil and gas producer’s stock after purchasing an additional 478,811 shares during the period. Canadian Natural Resources accounts for 0.8% of Great West Life Assurance Co. Can’s portfolio, making the stock its 22nd largest holding. Great West Life Assurance Co. Can owned 0.75% of Canadian Natural Resources worth $305,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. ETRADE Capital Management LLC grew its holdings in Canadian Natural Resources by 30.4% during the third quarter. ETRADE Capital Management LLC now owns 35,521 shares of the oil and gas producer’s stock valued at $1,190,000 after purchasing an additional 8,283 shares during the last quarter. TD Asset Management Inc. grew its holdings in Canadian Natural Resources by 6.5% during the third quarter. TD Asset Management Inc. now owns 23,511,155 shares of the oil and gas producer’s stock valued at $785,617,000 after purchasing an additional 1,437,849 shares during the last quarter. GMT Capital Corp acquired a new position in Canadian Natural Resources during the third quarter valued at approximately $15,365,000. South Dakota Investment Council grew its holdings in Canadian Natural Resources by 40.9% during the third quarter. South Dakota Investment Council now owns 287,390 shares of the oil and gas producer’s stock valued at $9,625,000 after purchasing an additional 83,450 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Canadian Natural Resources by 6.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 719,448 shares of the oil and gas producer’s stock valued at $24,040,000 after purchasing an additional 46,492 shares during the last quarter. Institutional investors own 59.39% of the company’s stock.

Several brokerages have commented on CNQ. Zacks Investment Research upgraded Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Canaccord Genuity reiterated a “buy” rating and set a $53.00 price target on shares of Canadian Natural Resources in a report on Wednesday, November 8th. Finally, Morgan Stanley increased their price target on Canadian Natural Resources from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $45.90.

Shares of Canadian Natural Resources Limited (NYSE CNQ) opened at $34.70 on Friday. The stock has a market cap of $42,269.46, a price-to-earnings ratio of 38.13, a PEG ratio of 8.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.56. Canadian Natural Resources Limited has a 52 week low of $27.52 and a 52 week high of $36.79.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be paid a $0.214 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.86 annualized dividend and a dividend yield of 2.47%. Canadian Natural Resources’s payout ratio is 52.07%.

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Canadian Natural Resources Company 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 (NYSE:CNQ)

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