Fayez Sarofim & Co. lessened its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,661 shares of the oil and gas producer’s stock after selling 116 shares during the quarter. Fayez Sarofim & Co.’s holdings in Canadian Natural Resources Limited were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Canadian Natural Resources Limited by 5.5% in the first quarter. Vanguard Group Inc. now owns 25,644,738 shares of the oil and gas producer’s stock valued at $840,890,000 after purchasing an additional 1,347,742 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Canadian Natural Resources Limited by 0.6% in the second quarter. TD Asset Management Inc. now owns 22,073,306 shares of the oil and gas producer’s stock valued at $636,007,000 after purchasing an additional 136,364 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Canadian Natural Resources Limited by 3.8% in the first quarter. Wellington Management Group LLP now owns 19,412,912 shares of the oil and gas producer’s stock valued at $636,256,000 after purchasing an additional 703,575 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Canadian Natural Resources Limited by 11.9% in the second quarter. CIBC Asset Management Inc now owns 16,749,799 shares of the oil and gas producer’s stock valued at $482,767,000 after purchasing an additional 1,780,934 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Canadian Natural Resources Limited by 26.2% in the second quarter. Ameriprise Financial Inc. now owns 9,762,039 shares of the oil and gas producer’s stock valued at $281,539,000 after purchasing an additional 2,025,045 shares in the last quarter. Institutional investors own 58.56% of the company’s stock.

Canadian Natural Resources Limited (NYSE CNQ) traded up 0.03% during mid-day trading on Monday, reaching $32.86. The company’s stock had a trading volume of 219,590 shares. The company has a 50-day moving average price of $31.44 and a 200-day moving average price of $30.90. Canadian Natural Resources Limited has a 12-month low of $27.52 and a 12-month high of $35.28. The firm has a market cap of $39.93 billion, a PE ratio of 29.55 and a beta of 1.45.

The company 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 dividend of $0.2212 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.69%. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio is presently 86.28%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/09/18/fayez-sarofim-co-sells-116-shares-of-canadian-natural-resources-limited-cnq.html.

A number of research analysts have recently weighed in on the company. Canaccord Genuity restated a “buy” rating and issued a $47.00 target price on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. Zacks Investment Research raised Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. downgraded Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley raised Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price target for the company in a research report on Wednesday, July 19th. Finally, ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and a consensus target price of $46.18.

Canadian Natural Resources Limited Company 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)

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.