UBS Asset Management Americas Inc. increased its stake in Canadian Natural Resources Ltd. (NYSE:CNQ) (TSE:CNQ) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,473,116 shares of the company’s stock after buying an additional 40,762 shares during the period. UBS Asset Management Americas Inc. owned about 0.22% of Canadian Natural Resources worth $78,921,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CNQ. RS Investment Management Co. LLC raised its stake in shares of 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 valued at $389,000 after buying an additional 350 shares in the last quarter. Atalanta Sosnoff Capital LLC raised its stake 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 valued at $57,363,000 after buying an additional 756,965 shares in the last quarter. Financial Architects Inc bought a new stake in shares of Canadian Natural Resources during the second quarter valued at approximately $155,000. CIBC World Markets Inc. raised its stake 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 valued at $465,948,000 after buying an additional 437,928 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Canadian Natural Resources by 1,673.8% in the second quarter. Acadian Asset Management LLC now owns 182,700 shares of the company’s stock valued at $5,607,000 after buying an additional 172,400 shares in the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Canadian Natural Resources Ltd. (NYSE:CNQ) opened at 31.01 on Wednesday. Canadian Natural Resources Ltd. has a one year low of $14.60 and a one year high of $33.29. The company’s market capitalization is $34.29 billion. The stock has a 50 day moving average of $31.93 and a 200-day moving average of $30.95.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 9th will be issued a dividend of $0.1866 per share. This is a positive change 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 2.41%. The ex-dividend date of this dividend is Wednesday, December 7th. Canadian Natural Resources’s dividend payout ratio (DPR) is -159.09%.

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Several equities analysts have recently weighed in on the stock. Bank of America Corp. assumed coverage on shares of Canadian Natural Resources in a research note on Friday, August 19th. They issued a “buy” rating and a $38.00 target price for the company. Seaport Global Securities assumed coverage on shares of Canadian Natural Resources in a research note on Friday, October 28th. They issued a “hold” rating and a $64.00 target price for the company. RBC Capital Markets reiterated a “top pick” rating and issued a $51.00 target price on shares of Canadian Natural Resources in a research note on Monday, October 17th. TD Securities reiterated a “hold” rating and issued a $40.00 target price on shares of Canadian Natural Resources in a research note on Wednesday, August 10th. Finally, Scotiabank reiterated an “outperform” rating and issued a $44.00 target price on shares of Canadian Natural Resources in a research note on Wednesday, August 10th. One 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 company. The stock presently has a consensus rating of “Buy” and an average target price of $40.63.

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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