Peachtree Investment Advisors Inc. held its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,800 shares of the oil and gas producer’s stock at the end of the second quarter. Peachtree Investment Advisors Inc.’s holdings in Canadian Natural Resources Limited were worth $1,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CNQ. Cambiar Investors LLC bought a new position in Canadian Natural Resources Limited during the first quarter worth $169,519,000. Ameriprise Financial Inc. raised its position in Canadian Natural Resources Limited by 93.2% in the first quarter. Ameriprise Financial Inc. now owns 7,736,994 shares of the oil and gas producer’s stock worth $253,695,000 after buying an additional 3,732,712 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Canadian Natural Resources Limited during the first quarter valued at approximately $116,792,000. Bank of Montreal Can raised its position in shares of Canadian Natural Resources Limited by 9.2% in the first quarter. Bank of Montreal Can now owns 28,617,704 shares of the oil and gas producer’s stock valued at $938,375,000 after buying an additional 2,406,633 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Canadian Natural Resources Limited by 67.1% in the first quarter. Bank of America Corp DE now owns 4,185,146 shares of the oil and gas producer’s stock valued at $137,231,000 after buying an additional 1,681,125 shares during the last quarter. 60.33% of the stock is owned by institutional investors and hedge funds.

Shares of Canadian Natural Resources Limited (NYSE CNQ) traded up 1.20% during mid-day trading on Friday, reaching $32.11. The company’s stock had a trading volume of 2,725,483 shares. The company has a market cap of $35.87 billion, a PE ratio of 305.81 and a beta of 1.48. Canadian Natural Resources Limited has a 52-week low of $27.52 and a 52-week high of $35.28. The company has a 50-day moving average price of $29.24 and a 200 day moving average price of $30.58.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.2212 per share. This represents a $0.88 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, September 14th. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is currently 78.43%.

Canadian Natural Resources Limited declared that its board has authorized a stock repurchase plan on Wednesday, May 17th that permits the company to buyback 27,930,000 shares. This buyback authorization permits the oil and gas producer to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several research analysts have recently commented on the company. BidaskClub raised Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Citigroup Inc. lowered Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. TheStreet raised Canadian Natural Resources Limited from a “d+” rating to a “c-” rating in a report on Wednesday, April 12th. Morgan Stanley raised Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Canadian Natural Resources Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Natural Resources Limited has a consensus rating of “Buy” and a consensus price target of $45.46.

About Canadian Natural Resources Limited

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 Limited (NYSE:CNQ)

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