BW Gestao de Investimentos Ltda. bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 375,000 shares of the oil and gas producer’s stock, valued at approximately $10,815,000. Canadian Natural Resources Limited comprises approximately 2.9% of BW Gestao de Investimentos Ltda.’s portfolio, making the stock its 6th largest holding.

Other institutional investors have also modified their holdings of the company. FTB Advisors Inc. raised its position in shares of Canadian Natural Resources Limited by 1.3% during the 2nd quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 41 shares during the last quarter. Fiduciary Trust Co. bought a new stake in shares of Canadian Natural Resources Limited during the 2nd quarter valued at $126,000. Oxford Asset Management bought a new stake in shares of Canadian Natural Resources Limited during the 1st quarter valued at $212,000. RMB Capital Management LLC bought a new stake in shares of Canadian Natural Resources Limited during the 1st quarter valued at $215,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Canadian Natural Resources Limited by 12.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,903 shares of the oil and gas producer’s stock valued at $259,000 after acquiring an additional 763 shares during the last quarter. Institutional investors own 58.56% of the company’s stock.

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Several analysts have commented on CNQ shares. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $36.00 target price on shares of Canadian Natural Resources Limited in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Wednesday, October 4th. Canaccord Genuity reiterated a “buy” rating and set a $47.00 target price on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Citigroup Inc. cut shares of Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and an average target price of $46.45.

Canadian Natural Resources Limited (NYSE CNQ) traded down 1.92% during mid-day trading on Thursday, hitting $32.67. 863,015 shares of the company were exchanged. The company’s 50-day moving average is $32.69 and its 200 day moving average is $31.18. Canadian Natural Resources Limited has a 12-month low of $27.52 and a 12-month high of $35.28. The company has a market capitalization of $39.70 billion, a P/E ratio of 28.53 and a beta of 1.47.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were issued a $0.2212 dividend. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.66%. Canadian Natural Resources Limited’s payout ratio is presently 86.28%.

Canadian Natural Resources Limited Company Profile

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.

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

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