Bank of New York Mellon Corp boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,278,217 shares of the oil and gas producer’s stock after purchasing an additional 31,925 shares during the period. Bank of New York Mellon Corp owned approximately 0.11% of Canadian Natural Resources worth $42,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP increased its position in shares of Canadian Natural Resources by 3.4% during the third quarter. Korea Investment CORP now owns 805,050 shares of the oil and gas producer’s stock worth $26,900,000 after acquiring an additional 26,584 shares during the period. Shell Asset Management Co. increased its position in shares of Canadian Natural Resources by 176.5% during the third quarter. Shell Asset Management Co. now owns 293,011 shares of the oil and gas producer’s stock worth $12,749,000 after acquiring an additional 187,038 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Canadian Natural Resources during the second quarter worth approximately $290,000. BlueCrest Capital Management Ltd increased its position in shares of Canadian Natural Resources by 22.7% during the second quarter. BlueCrest Capital Management Ltd now owns 298,092 shares of the oil and gas producer’s stock worth $8,597,000 after acquiring an additional 55,053 shares during the period. Finally, CI Investments Inc. purchased a new position in shares of Canadian Natural Resources during the third quarter worth approximately $18,369,000. 59.43% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on CNQ shares. Zacks Investment Research lowered shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Morgan Stanley lifted their price objective on shares of Canadian Natural Resources from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Canaccord Genuity reissued a “buy” rating and set a $47.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Natural Resources currently has an average rating of “Buy” and an average target price of $45.90.

Canadian Natural Resources Limited (CNQ) opened at $35.15 on Wednesday. The stock has a market cap of $42,452.18, a P/E ratio of 38.30, a P/E/G ratio of 8.80 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.56 and a current ratio of 0.71. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-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 issued a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a yield of 2.44%. The ex-dividend date is Monday, December 11th. Canadian Natural Resources’s payout ratio is 52.07%.

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Canadian Natural Resources 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 (NYSE:CNQ)

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