Pacific Heights Asset Management LLC continued to hold its position in shares of Canadian Natural Resources Ltd. (NYSE:CNQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 500,000 shares of the company’s stock at the end of the second quarter. Canadian Natural Resources accounts for about 1.4% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 21st largest position. Pacific Heights Asset Management LLC’s holdings in Canadian Natural Resources were worth $15,415,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1832 Asset Management L.P. boosted its position in shares of Canadian Natural Resources by 21.7% in the first quarter. 1832 Asset Management L.P. now owns 7,929,440 shares of the company’s stock worth $343,768,000 after buying an additional 1,415,907 shares in the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Canadian Natural Resources by 4.9% in the second quarter. Beutel Goodman & Co Ltd. now owns 20,293,907 shares of the company’s stock worth $621,812,000 after buying an additional 953,725 shares during the last quarter. Atalanta Sosnoff Capital LLC raised its position in shares of Canadian Natural Resources by 68.6% in the second quarter. Atalanta Sosnoff Capital LLC now owns 1,860,638 shares of the company’s stock worth $57,363,000 after buying an additional 756,965 shares during the last quarter. CIBC World Markets Inc. raised its position in shares of Canadian Natural Resources by 3.0% in the second quarter. CIBC World Markets Inc. now owns 15,113,468 shares of the company’s stock worth $465,948,000 after buying an additional 437,928 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Canadian Natural Resources by 5.2% in the first quarter. Legal & General Group Plc now owns 4,687,833 shares of the company’s stock worth $127,301,000 after buying an additional 231,377 shares during the last quarter. Hedge funds and other institutional investors own 69.22% of the company’s stock.

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

Canadian Natural Resources Ltd. (NYSE:CNQ) traded up 0.53% during trading on Monday, hitting $32.21. 1,850,860 shares of the company’s stock traded hands. The company’s 50 day moving average price is $31.16 and its 200 day moving average price is $29.82. The company’s market cap is $35.48 billion. Canadian Natural Resources Ltd. has a 52-week low of $14.60 and a 52-week high of $32.94.

Canadian Natural Resources (NYSE:CNQ) last issued its earnings results on Thursday, August 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. Canadian Natural Resources had a negative return on equity of 2.36% and a negative net margin of 3.88%. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Analysts expect that Canadian Natural Resources Ltd. will post ($0.60) earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Friday, September 16th were issued a $0.1764 dividend. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, September 14th. Canadian Natural Resources’s dividend payout ratio is currently -236.66%.

A number of research analysts have weighed in on CNQ shares. Bank of America Corp. started coverage on shares of Canadian Natural Resources in a research note on Friday, August 19th. They issued a “buy” rating and a $38.00 price target on the stock. Macquarie raised shares of Canadian Natural Resources from a “neutral” rating to an “outperform” rating in a research note on Friday, August 5th. Royal Bank Of Canada raised shares of Canadian Natural Resources from an “outperform” rating to a “top pick” rating in a research note on Wednesday, June 15th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 price target (up previously from $28.63) on shares of Canadian Natural Resources in a research note on Friday, June 17th. Finally, RBC Capital Markets reaffirmed a “top pick” rating and issued a $51.00 price target on shares of Canadian Natural Resources in a research note on Monday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.07.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its 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, Gabon, and South Africa in Offshore Africa.

5 Day Chart for NYSE:CNQ

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