South Dakota Investment Council grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 40.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,390 shares of the oil and gas producer’s stock after purchasing an additional 83,450 shares during the period. South Dakota Investment Council’s holdings in Canadian Natural Resources Limited were worth $9,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNQ. Greenleaf Trust purchased a new stake in shares of Canadian Natural Resources Limited during the second quarter valued at $204,000. NGAM Advisors L.P. lifted its holdings in shares of Canadian Natural Resources Limited by 10.0% during the second quarter. NGAM Advisors L.P. now owns 140,715 shares of the oil and gas producer’s stock valued at $4,058,000 after purchasing an additional 12,742 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its holdings in shares of Canadian Natural Resources Limited by 16.8% during the second quarter. Mraz Amerine & Associates Inc. now owns 10,904 shares of the oil and gas producer’s stock valued at $314,000 after purchasing an additional 1,570 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Canadian Natural Resources Limited by 42.1% during the second quarter. Janney Montgomery Scott LLC now owns 36,109 shares of the oil and gas producer’s stock valued at $1,041,000 after purchasing an additional 10,703 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. purchased a new stake in shares of Canadian Natural Resources Limited during the second quarter valued at $1,286,000. 59.39% of the stock is owned by institutional investors and hedge funds.

Shares of Canadian Natural Resources Limited (NYSE:CNQ) opened at $34.60 on Friday. The stock has a market capitalization of $42,147.64, a PE ratio of 38.02, a P/E/G ratio of 8.74 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.56. Canadian Natural Resources Limited has a one year low of $27.52 and a one year high of $36.79.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be paid a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resources Limited’s dividend payout ratio is currently 52.07%.

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Several brokerages have recently commented on CNQ. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 target price on shares of Canadian Natural Resources Limited in a report on Tuesday, September 5th. Zacks Investment Research downgraded Canadian Natural Resources Limited from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley upped their target price on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $45.90.

About Canadian Natural Resources Limited

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.

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

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