Capital Guardian Trust Co. reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 30.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,800 shares of the oil and gas producer’s stock after selling 49,300 shares during the period. Capital Guardian Trust Co.’s holdings in Canadian Natural Resources Limited were worth $3,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fiduciary Trust Co. bought a new position in Canadian Natural Resources Limited in the 2nd quarter valued at approximately $126,000. Private Advisor Group LLC purchased a new stake in Canadian Natural Resources Limited during the 1st quarter valued at $205,000. Oxford Asset Management purchased a new stake in Canadian Natural Resources Limited during the 1st quarter valued at $212,000. RMB Capital Management LLC purchased a new stake in Canadian Natural Resources Limited during the 1st quarter valued at $215,000. Finally, Greenleaf Trust purchased a new stake in Canadian Natural Resources Limited during the 2nd quarter valued at $204,000. Institutional investors own 58.56% of the company’s stock.

Shares of Canadian Natural Resources Limited (CNQ) traded down 0.33% during trading on Tuesday, hitting $33.53. 333,633 shares of the stock traded hands. Canadian Natural Resources Limited has a 52-week low of $27.52 and a 52-week high of $35.28. The stock has a 50 day moving average of $32.17 and a 200 day moving average of $31.12. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of 29.28 and a beta of 1.47.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were paid a $0.2212 dividend. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.63%. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is 86.28%.

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Several research analysts have recently weighed in on the company. National Bank Financial assumed coverage on Canadian Natural Resources Limited in a research note on Tuesday, June 27th. They issued an “outperform” rating for the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $36.00 price objective on shares of Canadian Natural Resources Limited in a research report on Thursday, June 22nd. ValuEngine upgraded Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $47.00 target price on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $46.18.

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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