Fiduciary Trust Co. bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,375 shares of the oil and gas producer’s stock, valued at approximately $126,000.

Several other large investors have also bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of Canadian Natural Resources Limited by 2,400.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock valued at $163,000 after acquiring an additional 4,800 shares during the period. Wells Fargo & Company MN grew its position in shares of Canadian Natural Resources Limited by 45.3% during the 1st quarter. Wells Fargo & Company MN now owns 491,077 shares of the oil and gas producer’s stock valued at $16,102,000 after acquiring an additional 153,186 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Canadian Natural Resources Limited by 89.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,352 shares of the oil and gas producer’s stock valued at $241,000 after acquiring an additional 3,470 shares during the period. Comerica Bank grew its position in shares of Canadian Natural Resources Limited by 1.3% during the 1st quarter. Comerica Bank now owns 137,904 shares of the oil and gas producer’s stock valued at $4,396,000 after acquiring an additional 1,810 shares during the period. Finally, Teza Capital Management LLC bought a new position in shares of Canadian Natural Resources Limited during the 1st quarter valued at approximately $240,000. 58.56% of the stock is owned by institutional investors.

Canadian Natural Resources Limited (NYSE CNQ) opened at 33.03 on Thursday. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28. The company’s 50-day moving average is $31.24 and its 200-day moving average is $30.84. The stock has a market capitalization of $40.14 billion, a PE ratio of 29.70 and a beta of 1.45.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a $0.2212 dividend. The ex-dividend date is Thursday, September 14th. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.68%. Canadian Natural Resources Limited’s dividend payout ratio is presently 78.43%.

Canadian Natural Resources Limited declared that its board has approved a share buyback program on Wednesday, May 17th that authorizes the company to repurchase 27,930,000 outstanding shares. This repurchase authorization authorizes the oil and gas producer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of analysts recently commented on CNQ shares. BidaskClub upgraded shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. cut shares of Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $33.00 in a research note on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley upgraded shares of Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a research note on Wednesday, July 19th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $47.00 target price on shares of Canadian Natural Resources Limited in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $46.18.

Canadian Natural Resources Limited Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

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