Bristol John W & Co. Inc. NY lowered its stake in shares of Canadian Natural Resources Ltd. (NYSE:CNQ) (TSE:CNQ) by 3.3% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,720,671 shares of the company’s stock after selling 58,108 shares during the period. Bristol John W & Co. Inc. NY owned 0.16% of Canadian Natural Resources worth $55,130,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Fulton Bank N.A. boosted its stake in Canadian Natural Resources by 1.2% in the third quarter. Fulton Bank N.A. now owns 7,330 shares of the company’s stock worth $235,000 after buying an additional 84 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Canadian Natural Resources by 0.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 72,730 shares of the company’s stock worth $2,232,000 after buying an additional 273 shares during the last quarter. RS Investment Management Co. LLC boosted its stake in Canadian Natural Resources by 3.7% in the second quarter. RS Investment Management Co. LLC now owns 9,909 shares of the company’s stock worth $389,000 after buying an additional 350 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in 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, BB&T Corp boosted its stake in Canadian Natural Resources by 10.0% in the second quarter. BB&T Corp now owns 8,177 shares of the company’s stock worth $252,000 after buying an additional 743 shares during the last quarter. 69.27% of the stock is currently owned by institutional investors and hedge funds.

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

Canadian Natural Resources Ltd. (NYSE:CNQ) traded up 1.66% during midday trading on Friday, reaching $31.90. The company had a trading volume of 1,608,975 shares. The stock’s market capitalization is $35.14 billion. Canadian Natural Resources Ltd. has a 1-year low of $14.60 and a 1-year high of $33.29. The firm’s 50 day moving average is $31.90 and its 200 day moving average is $30.72.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 9th will be paid a dividend of $0.1866 per share. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, December 7th. This represents a $0.75 annualized dividend and a dividend yield of 2.34%. Canadian Natural Resources’s dividend payout ratio is -159.09%.

A number of analysts have recently weighed in on CNQ shares. Bank of America Corp. started coverage on Canadian Natural Resources in a research report on Friday, August 19th. They issued a “buy” rating and a $38.00 price objective for the company. TD Securities reissued a “hold” rating and issued a $40.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, August 10th. Seaport Global Securities started coverage on Canadian Natural Resources in a research report on Friday, October 28th. They issued a “hold” rating and a $64.00 price objective for the company. Scotiabank reissued an “outperform” rating and issued a $44.00 price objective on shares of Canadian Natural Resources in a research report on Sunday, November 6th. Finally, Macquarie raised Canadian Natural Resources from a “neutral” rating to an “outperform” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.63.

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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