Tetrem Capital Management Ltd. boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,685,472 shares of the oil and gas producer’s stock after acquiring an additional 111,176 shares during the quarter. Canadian Natural Resources Limited accounts for 2.1% of Tetrem Capital Management Ltd.’s portfolio, making the stock its 21st largest position. Tetrem Capital Management Ltd. owned about 0.15% of Canadian Natural Resources Limited worth $48,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CNQ. Acadian Asset Management LLC raised its stake in Canadian Natural Resources Limited by 2,400.0% during the first quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock worth $163,000 after acquiring an additional 4,800 shares in the last quarter. Wells Fargo & Company MN raised its stake in Canadian Natural Resources Limited by 45.3% during the first quarter. Wells Fargo & Company MN now owns 491,077 shares of the oil and gas producer’s stock worth $16,102,000 after acquiring an additional 153,186 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Canadian Natural Resources Limited by 89.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,352 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 3,470 shares in the last quarter. Stevens Capital Management LP raised its stake in Canadian Natural Resources Limited by 92.0% during the first quarter. Stevens Capital Management LP now owns 17,999 shares of the oil and gas producer’s stock worth $590,000 after acquiring an additional 8,623 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in Canadian Natural Resources Limited during the first quarter worth $212,000. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Several research firms have issued reports on CNQ. Zacks Investment Research lowered Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and set a $47.00 price objective on shares of Canadian Natural Resources Limited in a research note on Tuesday, September 5th. Citigroup Inc. lowered Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $33.00 in a research note on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley upgraded 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 research note on Wednesday, July 19th. Finally, BidaskClub upgraded Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $46.18.

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Shares of Canadian Natural Resources Limited (CNQ) traded up 0.37% during mid-day trading on Tuesday, hitting $32.90. The stock had a trading volume of 280,307 shares. The company has a market capitalization of $39.98 billion, a P/E ratio of 29.59 and a beta of 1.45. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-year high of $35.28. The stock’s 50-day moving average price is $31.49 and its 200 day moving average price is $30.95.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a dividend of $0.2212 per share. This is an increase from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio is currently 86.28%.

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.

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

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