3G Capital Partners LP increased its position in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 50.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,500,000 shares of the oil and gas producer’s stock after acquiring an additional 500,000 shares during the period. Canadian Natural Resource comprises 4.6% of 3G Capital Partners LP’s investment portfolio, making the stock its 5th biggest position. 3G Capital Partners LP owned approximately 0.12% of Canadian Natural Resource worth $50,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FTB Advisors Inc. lifted its stake in Canadian Natural Resource by 1.3% during the 2nd quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock worth $102,000 after acquiring an additional 41 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its stake in Canadian Natural Resource by 1.1% during the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 37,000 shares of the oil and gas producer’s stock worth $1,067,000 after acquiring an additional 400 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Canadian Natural Resource by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 204,244 shares of the oil and gas producer’s stock worth $5,890,000 after acquiring an additional 637 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Canadian Natural Resource by 12.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,903 shares of the oil and gas producer’s stock worth $259,000 after acquiring an additional 763 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in Canadian Natural Resource by 14.9% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 8,545 shares of the oil and gas producer’s stock worth $246,000 after acquiring an additional 1,107 shares in the last quarter. 59.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Canadian Natural Resource Ltd (CNQ) opened at $34.35 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.67. Canadian Natural Resource Ltd has a 1-year low of $27.52 and a 1-year high of $36.79. The firm has a market capitalization of $42,540.00, a PE ratio of 38.30, a price-to-earnings-growth ratio of 8.80 and a beta of 1.46.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be issued a dividend of $0.214 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.86 annualized dividend and a yield of 2.49%. Canadian Natural Resource’s dividend payout ratio (DPR) is 51.16%.

Several research firms recently issued reports on CNQ. Canaccord Genuity reissued a “buy” rating and set a $53.00 target price on shares of Canadian Natural Resource in a research note on Wednesday, November 8th. Zacks Investment Research lowered Canadian Natural Resource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Morgan Stanley increased their target price on Canadian Natural Resource from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.90.

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Canadian Natural Resource 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 Resource (NYSE:CNQ)

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