Guinness Asset Management Ltd grew its holdings in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 14.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,231 shares of the oil and gas producer’s stock after purchasing an additional 38,000 shares during the period. Canadian Natural Resource comprises 2.2% of Guinness Asset Management Ltd’s holdings, making the stock its 17th largest holding. Guinness Asset Management Ltd’s holdings in Canadian Natural Resource were worth $11,190,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Canadian Natural Resource by 1.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 89,181 shares of the oil and gas producer’s stock worth $3,217,000 after purchasing an additional 1,506 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Canadian Natural Resource by 14.0% during the 1st quarter. Van ECK Associates Corp now owns 13,548 shares of the oil and gas producer’s stock worth $426,000 after purchasing an additional 1,666 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of Canadian Natural Resource by 2.8% during the 1st quarter. Guggenheim Capital LLC now owns 62,443 shares of the oil and gas producer’s stock worth $1,964,000 after purchasing an additional 1,703 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Canadian Natural Resource by 50.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,400 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Morningstar Investment Services LLC grew its position in shares of Canadian Natural Resource by 18.3% during the 2nd quarter. Morningstar Investment Services LLC now owns 11,821 shares of the oil and gas producer’s stock worth $426,000 after purchasing an additional 1,828 shares in the last quarter. Hedge funds and other institutional investors own 67.07% of the company’s stock.

Shares of Canadian Natural Resource stock opened at $31.77 on Monday. Canadian Natural Resource Ltd has a 1-year low of $29.20 and a 1-year high of $38.20. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.63. The company has a market cap of $39.00 billion, a PE ratio of 38.28, a PEG ratio of 2.21 and a beta of 1.22.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, August 2nd. The oil and gas producer reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.50. Canadian Natural Resource had a net margin of 12.34% and a return on equity of 8.35%. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the firm posted $0.29 EPS. research analysts forecast that Canadian Natural Resource Ltd will post 2.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 14th will be issued a dividend of $0.257 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 13th. Canadian Natural Resource’s dividend payout ratio (DPR) is presently 124.10%.

A number of brokerages have issued reports on CNQ. Zacks Investment Research upgraded shares of Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, July 3rd. Evercore ISI began coverage on shares of Canadian Natural Resource in a research report on Wednesday, June 27th. They set an “inline” rating on the stock. Morgan Stanley upped their price target on shares of Canadian Natural Resource from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. Finally, ValuEngine downgraded shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.25.

Canadian Natural Resource Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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

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