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

CNQ has been the topic of a number of research reports. Citigroup Inc. reiterated a “buy” rating and issued a $34.00 price target (up previously from $28.63) on shares of Canadian Natural Resources in a research note on Friday, June 17th. Credit Suisse Group AG reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Thursday, June 16th. Nomura reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, TD Securities reiterated a “hold” rating and issued a $38.00 price target on shares of Canadian Natural Resources in a research note on Friday, June 17th. 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 currently has an average rating of “Buy” and an average price target of $38.57.

The company’s market capitalization is $32.91 billion. The company’s 50-day moving average is $30.50 and its 200 day moving average is $27.01.

A number of hedge funds recently made changes to their positions in CNQ. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. US Bancorp DE raised 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 valued at $5,477,000 after buying an additional 73,224 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Canadian Natural Resources by 7.2% in the fourth quarter. Vanguard Group Inc. now owns 17,573,973 shares of the company’s stock valued at $383,640,000 after buying an additional 1,173,548 shares in the last quarter. OppenheimerFunds Inc. raised 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 valued at $5,119,000 after buying an additional 29,187 shares in the last quarter. Finally, Comerica Bank raised 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 valued at $2,286,000 after buying an additional 16,890 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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