Canadian Natural Resources Ltd. (NYSE:CNQ) has been assigned a consensus recommendation of “Buy” from the twenty-one ratings firms that are currently covering the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.55.

CNQ has been the subject of a number of analyst reports. Bank of America Corp. initiated coverage on shares of Canadian Natural Resources in a research note on Friday, August 19th. They set a “buy” rating and a $38.00 target price for the company. JPMorgan Chase & Co. boosted their target price on shares of Canadian Natural Resources from $46.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. TD Securities reissued a “hold” rating and set a $40.00 target price on shares of Canadian Natural Resources in a research note on Wednesday, August 10th. Scotiabank reissued an “outperform” rating and set a $44.00 target price on shares of Canadian Natural Resources in a research note on Sunday, November 6th. Finally, Seaport Global Securities initiated coverage on shares of Canadian Natural Resources in a research note on Friday, October 28th. They set a “hold” rating and a $64.00 target price for the company.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Societe Generale bought a new position in shares of Canadian Natural Resources during the second quarter worth approximately $114,000. SG Americas Securities LLC bought a new position in shares of Canadian Natural Resources during the second quarter worth approximately $114,000. FTB Advisors Inc. increased its position in shares of Canadian Natural Resources by 7.7% in the third quarter. FTB Advisors Inc. now owns 3,507 shares of the company’s stock worth $115,000 after buying an additional 251 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Canadian Natural Resources by 11.4% in the second quarter. Glenmede Trust Co. NA now owns 4,577 shares of the company’s stock worth $140,000 after buying an additional 467 shares during the last quarter. Finally, Financial Architects Inc bought a new position in shares of Canadian Natural Resources during the second quarter worth approximately $155,000. 69.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Canadian Natural Resources (NYSE:CNQ) opened at 30.52 on Wednesday. The firm’s market cap is $33.75 billion. Canadian Natural Resources has a 12 month low of $14.60 and a 12 month high of $33.29. The company’s 50-day moving average is $31.73 and its 200-day moving average is $30.69.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 9th will be given a dividend of $0.1866 per share. The ex-dividend date is Wednesday, December 7th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a yield of 2.45%. Canadian Natural Resources’s payout ratio is presently -159.09%.

About Canadian Natural Resources

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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