Canadian Natural Resources Ltd. (NYSE:CNQ)’s share price was down 3.1% during trading on Thursday . The company 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.

A number of equities analysts have recently commented on CNQ shares. TD Securities cut Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Friday, April 1st. Citigroup Inc. boosted their price target on Canadian Natural Resources from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, April 7th. Zacks Investment Research raised Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. National Bank Financial raised Canadian Natural Resources from a “sector perform” rating to an “outperform” rating in a report on Thursday, May 5th. Finally, Barclays PLC reissued an “overweight” rating and set a $39.00 price target (up previously from $36.00) on shares of Canadian Natural Resources in a report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resources has a consensus rating of “Buy” and a consensus target price of $38.57.

The company’s 50 day moving average is $29.82 and its 200 day moving average is $25.66. The firm’s market cap is $33.94 billion.

The company also recently declared a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Friday, June 17th were given a dividend of $0.1835 per share. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.73 dividend on an annualized basis and a yield of 2.37%. This is a positive change from Canadian Natural Resources’s previous quarterly dividend of $0.17.

Other large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Canadian Natural Resources by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,333,685 shares of the company’s stock worth $116,434,000 after buying an additional 151,890 shares during the last quarter. US Bancorp DE increased its stake in Canadian Natural Resources by 41.2% in the fourth quarter. US Bancorp DE now owns 250,855 shares of the company’s stock worth $5,477,000 after buying an additional 73,224 shares during the last quarter. Guinness Asset Management Ltd increased its stake in Canadian Natural Resources by 9.6% in the fourth quarter. Guinness Asset Management Ltd now owns 395,831 shares of the company’s stock worth $8,611,000 after buying an additional 34,731 shares during the last quarter. Manitou Investment Management Ltd. increased its stake in Canadian Natural Resources by 10.9% in the fourth quarter. Manitou Investment Management Ltd. now owns 747,361 shares of the company’s stock worth $16,319,000 after buying an additional 73,642 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in 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 worth $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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