Canadian Natural Resources Ltd. (NYSE:CNQ)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $32.40 and last traded at $32.28, with a volume of 1,184,907 shares. The stock had previously closed at $31.75.

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. Royal Bank Of Canada upgraded Canadian Natural Resources from an “outperform” rating to a “top pick” rating in a report on Wednesday, June 15th. Citigroup Inc. reiterated 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. Barclays PLC reiterated an “overweight” rating and issued a $39.00 target price (up previously from $36.00) on shares of Canadian Natural Resources in a report on Monday, May 9th. Finally, Nomura Holdings Inc. reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Canadian Natural Resources presently has a consensus rating of “Buy” and an average price target of $38.57.

The company’s market capitalization is $35.30 billion. The company has a 50-day moving average of $30.03 and a 200-day moving average of $25.87.

The business also recently declared a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 17th were issued a $0.1835 dividend. The ex-dividend date of this dividend was Wednesday, June 15th. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.17. This represents a $0.73 annualized dividend and a dividend yield of 2.31%.

A number of hedge funds and institutional investors have modified their holdings of the company. Gulf International Bank UK Ltd raised 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. Comerica Bank raised 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. raised 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. Guinness Asset Management Ltd raised its position in shares of Canadian Natural Resources by 9.6% in the fourth quarter. Guinness Asset Management Ltd now owns 395,831 shares of the company’s stock valued at $8,611,000 after buying an additional 34,731 shares during the last quarter. Finally, US Bancorp DE raised 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.

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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