CIBC Asset Management Inc Has $578.46 Million Stake in Canadian Natural Resources Limited $CNQ

Posted by George Bondi on Jun 3rd, 2026

CIBC Asset Management Inc trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 16.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,003,831 shares of the oil and gas producer’s stock after selling 3,247,605 shares during the period. Canadian Natural Resources accounts for 1.4% of CIBC Asset Management Inc’s investment portfolio, making the stock its 19th largest holding. CIBC Asset Management Inc’s holdings in Canadian Natural Resources were worth $578,464,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Leonteq Securities AG acquired a new position in Canadian Natural Resources during the fourth quarter worth approximately $31,000. GoalVest Advisory LLC acquired a new position in Canadian Natural Resources during the fourth quarter worth approximately $32,000. Quarry LP acquired a new position in Canadian Natural Resources during the third quarter worth approximately $32,000. LOM Asset Management Ltd acquired a new position in Canadian Natural Resources during the fourth quarter worth approximately $34,000. Finally, Boyd Watterson Asset Management LLC OH acquired a new position in Canadian Natural Resources during the fourth quarter worth approximately $51,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $47.25 on Wednesday. Canadian Natural Resources Limited has a 12 month low of $29.30 and a 12 month high of $51.34. The stock’s 50 day moving average is $46.92 and its 200-day moving average is $40.62. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $98.34 billion, a price-to-earnings ratio of 14.10 and a beta of 0.45.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.57 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Equities research analysts expect that Canadian Natural Resources Limited will post 4.2 EPS for the current year.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be paid a $0.625 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 annualized dividend and a dividend yield of 5.3%. Canadian Natural Resources’s dividend payout ratio is 54.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNQ. The Goldman Sachs Group boosted their price target on Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Royal Bank Of Canada upped their price objective on shares of Canadian Natural Resources from $61.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Weiss Ratings downgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Scotiabank reiterated an “outperform” rating on shares of Canadian Natural Resources in a report on Wednesday, May 20th. Finally, Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average target price of $57.00.

Check Out Our Latest Report on CNQ

Canadian Natural Resources Profile

(Free Report)

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.