Investec Asset Management LTD Has $92.98 Million Holdings in Canadian Natural Resources Limited (CNQ)

Investec Asset Management LTD trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,227,104 shares of the oil and gas producer’s stock after selling 22,952 shares during the period. Investec Asset Management LTD owned about 0.29% of Canadian Natural Resources Limited worth $92,984,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CNQ. Acadian Asset Management LLC raised its holdings in shares of Canadian Natural Resources Limited by 2,400.0% during the first quarter. Acadian Asset Management LLC now owns 5,000 shares of the oil and gas producer’s stock worth $163,000 after acquiring an additional 4,800 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Canadian Natural Resources Limited by 45.3% during the first quarter. Wells Fargo & Company MN now owns 491,077 shares of the oil and gas producer’s stock worth $16,102,000 after acquiring an additional 153,186 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Canadian Natural Resources Limited by 89.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,352 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 3,470 shares during the period. Comerica Bank raised its holdings in shares of Canadian Natural Resources Limited by 1.3% during the first quarter. Comerica Bank now owns 137,904 shares of the oil and gas producer’s stock worth $4,396,000 after acquiring an additional 1,810 shares during the period. Finally, Stevens Capital Management LP raised its holdings in shares of Canadian Natural Resources Limited by 92.0% during the first quarter. Stevens Capital Management LP now owns 17,999 shares of the oil and gas producer’s stock worth $590,000 after acquiring an additional 8,623 shares during the period. Institutional investors and hedge funds own 58.56% of the company’s stock.

Canadian Natural Resources Limited (NYSE:CNQ) traded down 0.39% on Friday, reaching $32.85. 1,837,641 shares of the company were exchanged. The stock has a market capitalization of $39.92 billion, a P/E ratio of 29.54 and a beta of 1.45. The company’s 50-day moving average price is $31.44 and its 200-day moving average price is $30.90. Canadian Natural Resources Limited has a 12-month low of $27.52 and a 12-month high of $35.28.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued 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 is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.69%. Canadian Natural Resources Limited’s dividend payout ratio is presently 86.28%.

CNQ has been the topic of a number of research analyst reports. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $36.00 price objective on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. National Bank Financial initiated coverage on shares of Canadian Natural Resources Limited in a report on Tuesday, June 27th. They set an “outperform” rating on the stock. BidaskClub upgraded shares of Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. ValuEngine upgraded shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley upgraded shares of Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective on the stock in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.18.

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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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