Candriam Luxembourg S.C.A. cut its holdings in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 23.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,368 shares of the oil and gas producer’s stock after selling 8,268 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Canadian Natural Resources were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Canadian Natural Resources by 21.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,094 shares of the oil and gas producer’s stock valued at $98,000 after purchasing an additional 546 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Canadian Natural Resources by 4.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 25,755 shares of the oil and gas producer’s stock valued at $352,000 after purchasing an additional 1,012 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Canadian Natural Resources by 12.4% in the first quarter. PNC Financial Services Group Inc. now owns 14,312 shares of the oil and gas producer’s stock valued at $194,000 after purchasing an additional 1,575 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Canadian Natural Resources by 124.3% in the second quarter. Harbor Investment Advisory LLC now owns 3,544 shares of the oil and gas producer’s stock valued at $62,000 after purchasing an additional 1,964 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Canadian Natural Resources by 35.2% in the first quarter. Signaturefd LLC now owns 9,426 shares of the oil and gas producer’s stock valued at $128,000 after purchasing an additional 2,455 shares during the period. Institutional investors own 67.78% of the company’s stock.

Shares of CNQ opened at $17.66 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.51 and a debt-to-equity ratio of 0.60. Canadian Natural Resources Ltd has a 12 month low of $6.71 and a 12 month high of $32.79. The stock’s 50 day moving average is $17.61 and its two-hundred day moving average is $19.65. The firm has a market cap of $21.16 billion, a P/E ratio of 12.27 and a beta of 1.72.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported ($0.25) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.29). Canadian Natural Resources had a net margin of 13.51% and a return on equity of 6.70%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period in the previous year, the business posted $0.70 earnings per share. Equities research analysts forecast that Canadian Natural Resources Ltd will post -1.03 EPS for the current year.

A number of brokerages have recently weighed in on CNQ. Zacks Investment Research raised Canadian Natural Resources from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday. Goldman Sachs Group raised Canadian Natural Resources from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.00 to $21.00 in a report on Thursday, May 14th. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating and set a $30.00 price objective on the stock in a report on Friday, May 1st. ValuEngine raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, National Bank Financial raised Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Tuesday, June 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Canadian Natural Resources presently has an average rating of “Buy” and a consensus target price of $36.38.

About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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

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