Atalanta Sosnoff Capital LLC boosted its position in Canadian Natural Resources Ltd. (NYSE:CNQ) by 68.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,860,638 shares of the company’s stock after buying an additional 756,965 shares during the period. Canadian Natural Resources accounts for 1.9% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 18th largest position. Atalanta Sosnoff Capital LLC’s holdings in Canadian Natural Resources were worth $57,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in shares of Canadian Natural Resources during the first quarter worth $280,000. OLD National Bancorp IN raised its position in Canadian Natural Resources by 75.8% in the first quarter. OLD National Bancorp IN now owns 17,252 shares of the company’s stock worth $466,000 after buying an additional 7,441 shares during the period. Aperio Group LLC raised its position in Canadian Natural Resources by 4.2% in the first quarter. Aperio Group LLC now owns 254,494 shares of the company’s stock worth $6,871,000 after buying an additional 10,302 shares during the period. Mn Services Vermogensbeheer B.V. bought a new position in Canadian Natural Resources during the first quarter worth approximately $654,000. Finally, Virginia Retirement System bought a new position in Canadian Natural Resources during the first quarter worth approximately $5,285,000. Institutional investors own 69.24% of the company’s stock.

Canadian Natural Resources Ltd. (NYSE:CNQ) traded down 0.34% during midday trading on Tuesday, hitting $29.27. The company had a trading volume of 1,841,200 shares. The firm’s 50 day moving average is $31.22 and its 200-day moving average is $29.63. Canadian Natural Resources Ltd. has a 52 week low of $14.60 and a 52 week high of $32.94. The firm’s market capitalization is $32.24 billion.

Canadian Natural Resources (NYSE:CNQ) last released its earnings results on Thursday, August 4th. The company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.01. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Canadian Natural Resources had a negative return on equity of 2.36% and a negative net margin of 3.88%. On average, equities research analysts expect that Canadian Natural Resources Ltd. will post ($0.56) EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 16th will be paid a $0.1764 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.71 dividend on an annualized basis and a yield of 2.41%. Canadian Natural Resources’s dividend payout ratio is presently -236.66%.

CNQ has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on Canadian Natural Resources from $43.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 14th. Credit Suisse Group AG restated a “buy” rating on shares of Canadian Natural Resources in a research note on Thursday, June 16th. Citigroup Inc. restated a “buy” rating and set a $34.00 price objective (up previously from $28.63) on shares of Canadian Natural Resources in a research note on Friday, June 17th. Scotiabank restated an “outperform” rating and set a $42.00 price objective (up previously from $35.00) on shares of Canadian Natural Resources in a research note on Friday, June 17th. Finally, TD Securities restated a “hold” rating and set a $38.00 price objective on shares of Canadian Natural Resources in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $39.07.

About Canadian Natural Resources

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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