Canadian Natural Resources Limited (CNQ) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,094,068 shares of the oil and gas producer’s stock after acquiring an additional 266,100 shares during the period. Alliancebernstein L.P. owned approximately 0.46% of Canadian Natural Resources Limited worth $146,913,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CNQ. Acadian Asset Management LLC grew its holdings in 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 grew its holdings in Canadian Natural Resources Limited by 45.3% in the first quarter. Wells Fargo & Company MN now owns 491,077 shares of the oil and gas producer’s stock valued at $16,102,000 after purchasing an additional 153,186 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Canadian Natural Resources Limited by 89.4% in the first quarter. BNP Paribas Arbitrage SA now owns 7,352 shares of the oil and gas producer’s stock valued at $241,000 after purchasing an additional 3,470 shares during the last quarter. Comerica Bank grew its holdings in Canadian Natural Resources Limited by 1.3% in the first quarter. Comerica Bank now owns 137,904 shares of the oil and gas producer’s stock valued at $4,396,000 after purchasing an additional 1,810 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new stake in Canadian Natural Resources Limited in the first quarter valued at $240,000. 58.56% of the stock is currently owned by hedge funds and other institutional investors.

CNQ has been the topic of several research reports. Zacks Investment Research lowered Canadian Natural Resources Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. National Bank Financial initiated coverage on Canadian Natural Resources Limited in a report on Tuesday, June 27th. They issued an “outperform” rating on the stock. Morgan Stanley raised Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub raised Canadian Natural Resources Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Finally, ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and an average price target of $46.18.

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Canadian Natural Resources Limited (NYSE:CNQ) opened at 32.85 on Friday. The stock has a market capitalization of $39.92 billion, a P/E ratio of 29.54 and a beta of 1.45. 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 price is $31.44 and its 200 day moving average price is $30.90.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.2212 dividend. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, September 14th. Canadian Natural Resources Limited’s dividend payout ratio is currently 86.28%.

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.

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

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