Cambiar Investors LLC Has $199.86 Million Position in Canadian Natural Resources Limited (CNQ)

Cambiar Investors LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,967,810 shares of the oil and gas producer’s stock after buying an additional 168,736 shares during the period. Canadian Natural Resources Limited accounts for 3.1% of Cambiar Investors LLC’s investment portfolio, making the stock its 8th biggest position. Cambiar Investors LLC owned approximately 0.49% of Canadian Natural Resources Limited worth $199,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its holdings in Canadian Natural Resources Limited by 51.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 14,045 shares of the oil and gas producer’s stock valued at $459,000 after purchasing an additional 4,745 shares during the period. NN Investment Partners Holdings N.V. boosted its holdings in Canadian Natural Resources Limited by 23.4% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 91,284 shares of the oil and gas producer’s stock valued at $2,633,000 after purchasing an additional 17,299 shares during the period. Marathon Asset Management LLP boosted its holdings in Canadian Natural Resources Limited by 9.6% in the 2nd quarter. Marathon Asset Management LLP now owns 3,767,196 shares of the oil and gas producer’s stock valued at $109,301,000 after purchasing an additional 330,717 shares during the period. US Bancorp DE boosted its holdings in Canadian Natural Resources Limited by 12.5% in the 2nd quarter. US Bancorp DE now owns 753,456 shares of the oil and gas producer’s stock valued at $21,731,000 after purchasing an additional 83,794 shares during the period. Finally, Gulf International Bank UK Ltd boosted its holdings in Canadian Natural Resources Limited by 0.9% in the 2nd quarter. Gulf International Bank UK Ltd now owns 346,960 shares of the oil and gas producer’s stock valued at $10,022,000 after purchasing an additional 2,953 shares during the period. 58.64% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on CNQ shares. Zacks Investment Research raised shares of Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. downgraded shares of Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley raised shares of Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a report on Wednesday, July 19th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $53.00 price objective on shares of Canadian Natural Resources Limited in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $45.90.

Shares of Canadian Natural Resources Limited (CNQ) traded up $0.07 on Monday, hitting $36.52. 2,071,600 shares of the stock were exchanged, compared to its average volume of 2,491,167. The company has a market cap of $44,486.47, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 8.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.56. Canadian Natural Resources Limited has a 52-week low of $27.52 and a 52-week 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 paid a dividend of $0.214 per share. This represents a $0.86 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resources Limited’s payout ratio is currently 52.07%.

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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.

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

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