Canadian Natural Resources Ltd. (NYSE:CNQ)’s share price was down 4.6% during mid-day trading on Monday . The stock traded as low as $29.97 and last traded at $30.17, with a volume of 1,377,621 shares. The stock had previously closed at $31.62.

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

The stock’s 50 day moving average price is $30.46 and its 200-day moving average price is $26.31. The company’s market capitalization is $33.00 billion.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 1st. Stockholders 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. The ex-dividend date of this dividend was Wednesday, June 15th. This represents a $0.73 annualized dividend and a dividend yield of 2.44%.

Other hedge funds and institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of 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 valued at $116,434,000 after buying an additional 151,890 shares during the period. US Bancorp DE raised its position 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 raised its position 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. raised its position 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 raised its position 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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