Canadian Natural Resources Ltd. (NYSE:CNQ) shares reached a new 52-week high during mid-day trading on Thursday . The stock 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.

CNQ has been the topic of several recent research reports. Barclays PLC restated an “overweight” rating and issued a $39.00 price target (up from $36.00) on shares of Canadian Natural Resources in a research report on Monday, May 9th. TD Securities lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. Citigroup Inc. raised their price target on Canadian Natural Resources from $25.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. Nomura Holdings Inc. restated a “buy” rating on shares of Canadian Natural Resources in a research report on Monday, June 20th. Finally, Royal Bank Of Canada raised their price target on Canadian Natural Resources from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $38.57.

The stock’s 50 day moving average price is $30.16 and its 200-day moving average price is $25.99. The company’s market cap is $35.12 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 is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.17. This represents a $0.73 dividend on an annualized basis and a yield of 2.29%.

A number of hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its stake 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 worth $2,286,000 after buying an additional 16,890 shares during the period. OppenheimerFunds Inc. boosted its stake 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 worth $5,119,000 after buying an additional 29,187 shares during the period. US Bancorp DE boosted its stake 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 worth $5,477,000 after buying an additional 73,224 shares during the period. Gulf International Bank UK Ltd boosted its stake 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 worth $7,114,000 after buying an additional 7,600 shares during the period. Finally, Guinness Asset Management Ltd boosted its stake 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 worth $8,611,000 after buying an additional 34,731 shares during the period.

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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