Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,206 shares of the oil and gas producer’s stock after selling 7,354 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Canadian Natural Resources Limited were worth $756,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CNQ. Acadian Asset Management LLC raised its position in shares of Canadian Natural Resources Limited by 2,400.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock valued at $163,000 after acquiring an additional 4,800 shares during the period. Greenleaf Trust acquired a new stake in shares of Canadian Natural Resources Limited in the 2nd quarter valued at approximately $204,000. Private Advisor Group LLC acquired a new stake in shares of Canadian Natural Resources Limited in the 1st quarter valued at approximately $205,000. Oxford Asset Management acquired a new stake in shares of Canadian Natural Resources Limited in the 1st quarter valued at approximately $212,000. Finally, RMB Capital Management LLC acquired a new stake in shares of Canadian Natural Resources Limited in the 1st quarter valued at approximately $215,000. Institutional investors and hedge funds own 58.56% of the company’s stock.

A number of analysts recently weighed in on CNQ shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $36.00 price target on shares of Canadian Natural Resources Limited in a research report on Thursday, June 22nd. National Bank Financial initiated coverage on shares of Canadian Natural Resources Limited in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. BidaskClub upgraded shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. ValuEngine upgraded shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley upgraded shares of Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and an average target price of $46.18.

Canadian Natural Resources Limited (CNQ) opened at 32.85 on Friday. The stock’s 50 day moving average is $31.44 and its 200 day moving average is $30.90. The company has a market capitalization of $39.92 billion, a PE ratio of 29.54 and a beta of 1.45. Canadian Natural Resources Limited has a 52 week low of $27.52 and a 52 week high of $35.28.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a dividend of $0.2212 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.69%. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio is presently 86.28%.

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Canadian Natural Resources Limited Profile

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.

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

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