The Manufacturers Life Insurance Company decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,006,465 shares of the oil and gas producer’s stock after selling 164,146 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.66% of Canadian Natural Resources Limited worth $230,808,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Loomis Sayles & Co. L P acquired a new stake in shares of Canadian Natural Resources Limited in the 1st quarter worth $845,000. Public Sector Pension investment Board boosted its position in shares of Canadian Natural Resources Limited by 22.4% in the 2nd quarter. Public Sector Pension investment Board now owns 2,366,320 shares of the oil and gas producer’s stock worth $68,182,000 after purchasing an additional 432,800 shares in the last quarter. BlueCrest Capital Management Ltd boosted its position in shares of Canadian Natural Resources Limited by 22.7% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 298,092 shares of the oil and gas producer’s stock worth $8,597,000 after purchasing an additional 55,053 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Canadian Natural Resources Limited by 67.1% in the 1st quarter. Bank of America Corp DE now owns 4,185,146 shares of the oil and gas producer’s stock worth $137,231,000 after purchasing an additional 1,681,125 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Canadian Natural Resources Limited by 5.5% in the 2nd quarter. Alliancebernstein L.P. now owns 5,094,068 shares of the oil and gas producer’s stock worth $146,913,000 after purchasing an additional 266,100 shares in the last quarter. 58.56% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday. Canaccord Genuity reissued a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley raised Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Wednesday, July 19th. Finally, BidaskClub raised Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and a consensus target price of $46.45.

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Shares of Canadian Natural Resources Limited (NYSE CNQ) traded down 1.92% during mid-day trading on Friday, reaching $32.77. The company’s stock had a trading volume of 1,306,553 shares. The stock has a market capitalization of $39.82 billion, a price-to-earnings ratio of 28.62 and a beta of 1.47. Canadian Natural Resources Limited has a 52 week low of $27.52 and a 52 week high of $35.28. The company’s 50-day moving average is $32.46 and its 200-day moving average is $31.16.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 15th were paid a dividend of $0.2212 per share. This is an increase from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.70%. Canadian Natural Resources Limited’s dividend payout ratio is 86.28%.

Canadian Natural Resources Limited 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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