Northern Trust Corp Purchases 203,479 Shares of Canadian Natural Resources Limited (CNQ)

Northern Trust Corp boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 21.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,162,675 shares of the oil and gas producer’s stock after purchasing an additional 203,479 shares during the quarter. Northern Trust Corp owned about 0.10% of Canadian Natural Resources Limited worth $33,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in CNQ. Oxford Asset Management bought a new stake in Canadian Natural Resources Limited during the 1st quarter worth about $212,000. Loomis Sayles & Co. L P bought a new stake in Canadian Natural Resources Limited during the 1st quarter worth about $845,000. RMB Capital Management LLC bought a new stake in Canadian Natural Resources Limited during the 1st quarter worth about $215,000. Renaissance Technologies LLC bought a new stake in Canadian Natural Resources Limited during the 1st quarter worth about $15,809,000. Finally, Jane Street Group LLC raised its holdings in Canadian Natural Resources Limited by 250.6% during the 1st quarter. Jane Street Group LLC now owns 72,061 shares of the oil and gas producer’s stock worth $2,369,000 after purchasing an additional 51,508 shares during the last quarter. 58.54% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.dispatchtribunal.com/2017/10/16/northern-trust-corp-purchases-203479-shares-of-canadian-natural-resources-limited-cnq.html.

Several analysts have weighed in on CNQ shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $36.00 price objective on shares of Canadian Natural Resources Limited in a report on Thursday, June 22nd. Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, October 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price target on shares of Canadian Natural Resources Limited in a research note on Tuesday, September 5th. ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $33.00 in a research note on Friday, July 21st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

Canadian Natural Resources Limited (NYSE CNQ) opened at 33.00 on Monday. The firm has a market capitalization of $40.10 billion, a price-to-earnings ratio of 28.82 and a beta of 1.47. 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 price of $32.86 and a 200 day moving average price of $31.19.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 15th were 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 was Thursday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.68%. Canadian Natural Resources Limited’s payout ratio is currently 86.28%.

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.

Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ).

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

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply