Public Employees Retirement System of Ohio Purchases Shares of 748,504 Canadian Natural Resources Limited $CNQ

Posted by George Bondi on Aug 29th, 2026

Public Employees Retirement System of Ohio purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 748,504 shares of the oil and gas producer’s stock, valued at approximately $29,583,000.

A number of other hedge funds have also recently modified their holdings of CNQ. AQR Capital Management LLC increased its holdings in Canadian Natural Resources by 85.5% during the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 8,336 shares during the period. Jones Financial Companies Lllp lifted its holdings in Canadian Natural Resources by 92.7% in the 1st quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after buying an additional 13,996 shares during the period. Empowered Funds LLC lifted its holdings in Canadian Natural Resources by 4.3% in the 1st quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock worth $2,445,000 after buying an additional 3,266 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Canadian Natural Resources by 65.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,513 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 1,786 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $49.07 on Friday. The stock’s 50 day simple moving average is $44.89 and its two-hundred day simple moving average is $45.44. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.75 and a current ratio of 1.00. The stock has a market cap of $101.20 billion, a price-to-earnings ratio of 12.12 and a beta of 0.46. Canadian Natural Resources Limited has a fifty-two week low of $29.68 and a fifty-two week high of $51.47.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its earnings results on Thursday, August 6th. The oil and gas producer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.15. The firm had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $9.40 billion. Canadian Natural Resources had a return on equity of 23.91% and a net margin of 22.78%. As a group, analysts expect that Canadian Natural Resources Limited will post 4.05 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Friday, September 11th. Canadian Natural Resources’s dividend payout ratio is presently 44.69%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CNQ shares. Desjardins raised Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Canadian Natural Resources in a research note on Thursday. TD Securities reiterated a “buy” rating on shares of Canadian Natural Resources in a report on Friday, August 7th. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Natural Resources in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and an average target price of $57.00.

Read Our Latest Analysis on Canadian Natural Resources

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.