Canadian Natural Resources Ltd. (NYSE:CNQ) fell 3.1% on Thursday . The stock traded as low as $30.37 and last traded at $30.46, with a volume of 2,229,396 shares traded. The stock had previously closed at $31.43.

Several research firms have recently weighed in on CNQ. National Bank Financial raised shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 5th. Royal Bank Of Canada raised shares of Canadian Natural Resources from an “outperform” rating to a “top pick” rating in a report on Wednesday, June 15th. Citigroup Inc. reaffirmed a “buy” rating and issued a $34.00 target price (up previously from $28.63) on shares of Canadian Natural Resources in a report on Friday, June 17th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Canadian Natural Resources in a report on Thursday, June 16th. Finally, TD Securities reaffirmed a “hold” rating and issued a $38.00 target price on shares of Canadian Natural Resources in a report on Friday, June 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $38.57.

The firm’s 50 day moving average price is $29.75 and its 200 day moving average price is $25.59. The stock’s market cap is $33.37 billion.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were paid a dividend of $0.1835 per share. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, June 15th.

Other hedge funds and institutional investors have modified their holdings of the company. World Asset Management Inc increased its position in shares of Canadian Natural Resources by 2.4% in the fourth quarter. World Asset Management Inc now owns 58,043 shares of the company’s stock valued at $1,267,000 after buying an additional 1,336 shares during the last quarter. Comerica Bank increased its position in shares of Canadian Natural Resources by 16.6% in the fourth quarter. Comerica Bank now owns 118,408 shares of the company’s stock valued at $2,286,000 after buying an additional 16,890 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Canadian Natural Resources by 14.2% in the fourth quarter. OppenheimerFunds Inc. now owns 234,378 shares of the company’s stock valued at $5,119,000 after buying an additional 29,187 shares during the last quarter. US Bancorp DE increased its position in shares of Canadian Natural Resources by 41.2% in the fourth quarter. US Bancorp DE now owns 250,855 shares of the company’s stock valued at $5,477,000 after buying an additional 73,224 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Canadian Natural Resources by 2.4% in the fourth quarter. Gulf International Bank UK Ltd now owns 325,407 shares of the company’s stock valued at $7,114,000 after buying an additional 7,600 shares during the last quarter.

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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