Canadian Natural Resources Limited $CNQ Shares Bought by Miller Howard Investments Inc. NY

Posted by Brian Himes on Jun 24th, 2026

Miller Howard Investments Inc. NY boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,440,125 shares of the oil and gas producer’s stock after buying an additional 56,091 shares during the quarter. Canadian Natural Resources accounts for approximately 1.9% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 11th largest position. Miller Howard Investments Inc. NY owned approximately 0.07% of Canadian Natural Resources worth $70,177,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth $25,000. Manchester Capital Management LLC acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $28,000. Leonteq Securities AG purchased a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $31,000. GoalVest Advisory LLC purchased a new stake in shares of Canadian Natural Resources during the fourth quarter valued at $32,000. Finally, Quarry LP acquired a new position in shares of Canadian Natural Resources in the 3rd quarter valued at $32,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNQ shares. 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. ATB Cormark Capital Markets downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, March 5th. The Goldman Sachs Group raised their price objective on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Weiss Ratings cut shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Natural Resources in a research note on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

View Our Latest Analysis on CNQ

Canadian Natural Resources Trading Down 1.9%

Shares of NYSE CNQ opened at $41.00 on Wednesday. The business has a 50 day simple moving average of $45.73 and a 200 day simple moving average of $41.84. Canadian Natural Resources Limited has a 52 week low of $29.30 and a 52 week high of $51.34. The stock has a market cap of $85.10 billion, a price-to-earnings ratio of 12.24 and a beta of 0.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same quarter last year, the firm earned $1.16 earnings per share. On average, research analysts predict that Canadian Natural Resources Limited will post 4.2 earnings per share for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.625 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a dividend yield of 6.1%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 54.03%.

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.