Canadian Natural Resources Limited (CNQ) Holdings Reduced by Atlantic Trust Group LLC

Atlantic Trust Group LLC decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,391 shares of the oil and gas producer’s stock after selling 804 shares during the period. Atlantic Trust Group LLC’s holdings in Canadian Natural Resources Limited were worth $617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp bought a new stake in shares of Canadian Natural Resources Limited during the first quarter valued at approximately $116,792,000. CIBC Asset Management Inc raised its position in shares of Canadian Natural Resources Limited by 11.9% during the second quarter. CIBC Asset Management Inc now owns 16,749,799 shares of the oil and gas producer’s stock valued at $482,767,000 after buying an additional 1,780,934 shares during the last quarter. Bank of America Corp DE raised its position in shares of Canadian Natural Resources Limited by 67.1% during the first quarter. Bank of America Corp DE now owns 4,185,146 shares of the oil and gas producer’s stock valued at $137,231,000 after buying an additional 1,681,125 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Canadian Natural Resources Limited by 5.5% during the first quarter. Vanguard Group Inc. now owns 25,644,738 shares of the oil and gas producer’s stock valued at $840,890,000 after buying an additional 1,347,742 shares during the last quarter. Finally, Investec Asset Management LTD raised its position in shares of Canadian Natural Resources Limited by 45.2% during the first quarter. Investec Asset Management LTD now owns 3,250,056 shares of the oil and gas producer’s stock valued at $106,105,000 after buying an additional 1,012,076 shares during the last quarter. Institutional investors own 58.56% of the company’s stock.

Shares of Canadian Natural Resources Limited (NYSE CNQ) opened at 32.13 on Wednesday. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28. The company has a 50-day moving average of $31.18 and a 200 day moving average of $30.82. The company has a market cap of $39.04 billion, a PE ratio of 29.26 and a beta of 1.45.

Canadian Natural Resources Limited declared that its board has approved a stock buyback plan on Wednesday, May 17th that permits the company to repurchase 27,930,000 shares. This repurchase authorization permits the oil and gas producer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.2212 dividend. This is an increase from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio is currently 78.43%.

CNQ has been the topic of several recent analyst reports. National Bank Financial initiated coverage on shares of Canadian Natural Resources Limited in a research report on Tuesday, June 27th. They set an “outperform” rating on the stock. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $36.00 price objective on shares of Canadian Natural Resources Limited in a research report on Thursday, June 22nd. ValuEngine upgraded shares of Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $47.00 price objective on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and a consensus price target of $46.18.

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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.

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

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