Prudential PLC grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 13.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 698,280 shares of the oil and gas producer’s stock after purchasing an additional 83,825 shares during the period. Prudential PLC owned about 0.06% of Canadian Natural Resources Limited worth $20,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CNQ. Fiduciary Trust Co. acquired a new stake in Canadian Natural Resources Limited in the second quarter worth about $126,000. Oxford Asset Management acquired a new stake in Canadian Natural Resources Limited in the first quarter worth about $212,000. RMB Capital Management LLC acquired a new stake in Canadian Natural Resources Limited in the first quarter worth about $215,000. Greenleaf Trust acquired a new stake in Canadian Natural Resources Limited in the second quarter worth about $204,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Canadian Natural Resources Limited by 89.4% in 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. Institutional investors and hedge funds own 58.56% of the company’s stock.

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Several equities research analysts have weighed in on CNQ shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $36.00 price target on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Wednesday. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 target price on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Citigroup Inc. downgraded Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and decreased their target price 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $46.45.

Canadian Natural Resources Limited (NYSE:CNQ) traded down 1.50% during mid-day trading on Friday, hitting $32.91. The stock had a trading volume of 104,525 shares. Canadian Natural Resources Limited has a 12-month low of $27.52 and a 12-month high of $35.28. The stock has a 50-day moving average price of $32.40 and a 200 day moving average price of $31.16. The firm has a market cap of $39.99 billion, a P/E ratio of 28.74 and a beta of 1.47.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 15th were given a dividend of $0.2212 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.65%. 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. Canadian Natural Resources Limited’s payout ratio is presently 86.28%.

Canadian Natural Resources Limited Company 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.

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

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