Bank of New York Mellon Corp trimmed its position in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,255,095 shares of the oil and gas producer’s stock after selling 4,076 shares during the period. Bank of New York Mellon Corp owned 0.10% of Canadian Natural Resource worth $45,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in Canadian Natural Resource by 14.0% during the first quarter. Van ECK Associates Corp now owns 13,548 shares of the oil and gas producer’s stock worth $426,000 after buying an additional 1,666 shares during the last quarter. Guggenheim Capital LLC increased its holdings in Canadian Natural Resource by 2.8% during the first quarter. Guggenheim Capital LLC now owns 62,443 shares of the oil and gas producer’s stock worth $1,964,000 after buying an additional 1,703 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in Canadian Natural Resource by 18.3% during the second quarter. Morningstar Investment Services LLC now owns 11,821 shares of the oil and gas producer’s stock worth $426,000 after buying an additional 1,828 shares during the last quarter. Wrapmanager Inc. increased its holdings in Canadian Natural Resource by 19.8% during the first quarter. Wrapmanager Inc. now owns 12,572 shares of the oil and gas producer’s stock worth $396,000 after buying an additional 2,075 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Canadian Natural Resource by 26.2% during the second quarter. Campbell & CO Investment Adviser LLC now owns 10,127 shares of the oil and gas producer’s stock worth $365,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 67.07% of the company’s stock.

CNQ has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, July 3rd. Evercore ISI initiated coverage on shares of Canadian Natural Resource in a report on Wednesday, June 27th. They set an “inline” rating on the stock. Morgan Stanley boosted their target price on shares of Canadian Natural Resource from $55.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, May 23rd. Finally, ValuEngine downgraded shares of Canadian Natural Resource from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.25.

NYSE:CNQ opened at $33.37 on Wednesday. Canadian Natural Resource Ltd has a one year low of $29.20 and a one year high of $38.20. The firm has a market capitalization of $41.72 billion, a price-to-earnings ratio of 40.40, a P/E/G ratio of 2.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 1.02.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, August 2nd. The oil and gas producer reported $1.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.50. Canadian Natural Resource had a net margin of 12.34% and a return on equity of 8.35%. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same period in the previous year, the company earned $0.29 earnings per share. analysts predict that Canadian Natural Resource Ltd will post 2.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a $0.257 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.03 annualized dividend and a dividend yield of 3.08%. Canadian Natural Resource’s dividend payout ratio is currently 124.10%.

Canadian Natural Resource Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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

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