NWQ Investment Management Company LLC lowered its stake in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 896,181 shares of the oil and gas producer’s stock after selling 11,479 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.07% of Canadian Natural Resource worth $30,013,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. FTB Advisors Inc. lifted its holdings in shares of Canadian Natural Resource by 1.3% in the second quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock worth $102,000 after buying an additional 41 shares in the last quarter. Fiduciary Trust Co. purchased a new stake in shares of Canadian Natural Resource in the second quarter worth about $126,000. Lucas Capital Management purchased a new stake in shares of Canadian Natural Resource in the third quarter worth about $203,000. Morningstar Investment Services LLC purchased a new stake in shares of Canadian Natural Resource in the second quarter worth about $218,000. Finally, Private Advisor Group LLC lifted its holdings in shares of Canadian Natural Resource by 24.0% in the second quarter. Private Advisor Group LLC now owns 7,672 shares of the oil and gas producer’s stock worth $220,000 after buying an additional 1,485 shares in the last quarter. Institutional investors own 59.43% of the company’s stock.
Shares of Canadian Natural Resource Ltd (NYSE:CNQ) traded down $0.61 during trading on Thursday, hitting $34.54. 1,642,500 shares of the stock traded hands, compared to its average volume of 2,459,880. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.56. Canadian Natural Resource Ltd has a 1 year low of $27.52 and a 1 year high of $36.79. The company has a market capitalization of $42,817.63, a PE ratio of 38.63, a price-to-earnings-growth ratio of 8.88 and a beta of 1.46.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be issued a $0.214 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resource’s dividend payout ratio is 52.07%.
A number of brokerages recently weighed in on CNQ. Zacks Investment Research raised shares of Canadian Natural Resource from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 17th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 target price on shares of Canadian Natural Resource in a research note on Tuesday, September 5th. Finally, Morgan Stanley raised their target price on shares of Canadian Natural Resource 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 issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Natural Resource currently has a consensus rating of “Buy” and a consensus price target of $45.90.
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About Canadian Natural Resource
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.
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