Virginia Retirement Systems ET AL reduced its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 255,748 shares of the oil and gas producer’s stock after selling 21,094 shares during the period. Virginia Retirement Systems ET AL’s holdings in Canadian Natural Resources were worth $8,546,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. NGAM Advisors L.P. grew its holdings in Canadian Natural Resources by 10.0% during the second quarter. NGAM Advisors L.P. now owns 140,715 shares of the oil and gas producer’s stock valued at $4,058,000 after purchasing an additional 12,742 shares during the period. Mraz Amerine & Associates Inc. lifted its stake in Canadian Natural Resources by 16.8% in the second quarter. Mraz Amerine & Associates Inc. now owns 10,904 shares of the oil and gas producer’s stock valued at $314,000 after buying an additional 1,570 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Canadian Natural Resources by 42.1% in the second quarter. Janney Montgomery Scott LLC now owns 36,109 shares of the oil and gas producer’s stock worth $1,041,000 after purchasing an additional 10,703 shares in the last quarter. Bbva Compass Bancshares Inc. bought a new stake in shares of Canadian Natural Resources in the second quarter worth $1,286,000. Finally, CIBC Asset Management Inc lifted its position in shares of Canadian Natural Resources 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 worth $482,767,000 after purchasing an additional 1,780,934 shares in the last quarter. 59.43% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on CNQ shares. Zacks Investment Research downgraded shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, September 5th. Finally, Morgan Stanley upped their price target on shares of Canadian Natural Resources from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.90.

Shares of Canadian Natural Resources Limited (NYSE CNQ) opened at $33.27 on Thursday. The firm has a market cap of $40,480.00, a P/E ratio of 36.66, a price-to-earnings-growth ratio of 8.42 and a beta of 1.50. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.67. Canadian Natural Resources Limited has a 52-week low of $27.52 and a 52-week high of $36.79.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Monday, December 11th. Canadian Natural Resources’s dividend payout ratio is presently 50.87%.

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About Canadian Natural Resources

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 (NYSE:CNQ)

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