Shares of Canadian Natural Resources Ltd. (NYSE:CNQ) were up 1% on Tuesday . The company traded as high as $30.17 and last traded at $29.38, with a volume of 2,311,109 shares traded. The stock had previously closed at $29.08.

A number of analysts recently weighed in on CNQ shares. Credit Suisse Group AG reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Thursday, June 16th. Citigroup Inc. reissued a “buy” rating and issued a $34.00 price objective (up from $28.63) on shares of Canadian Natural Resources in a research report on Friday, June 17th. Nomura reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Monday, June 20th. Scotiabank reissued an “outperform” rating and issued a $42.00 price objective (up from $35.00) on shares of Canadian Natural Resources in a research report on Friday, June 17th. Finally, Zacks Investment Research raised shares of Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th. 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 issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.57.

The company has a 50-day moving average of $30.44 and a 200 day moving average of $26.89. The firm’s market capitalization is $32.48 billion.

Several large investors have recently made changes to their positions in the stock. Comerica Bank increased 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 in the last quarter. OppenheimerFunds Inc. increased 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 in the last quarter. Guinness Asset Management Ltd increased 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 in the last quarter. US Bancorp DE increased 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 in the last quarter. Finally, Manitou Investment Management Ltd. increased its stake in shares of 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 in 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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