548,480 Shares in Canadian Natural Resources Limited (CNQ) Purchased by CI Investments Inc.

CI Investments Inc. bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 548,480 shares of the oil and gas producer’s stock, valued at approximately $18,369,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNQ. Janus Henderson Group PLC acquired a new stake in shares of Canadian Natural Resources Limited during the second quarter worth about $71,910,000. Capital World Investors grew its holdings in shares of Canadian Natural Resources Limited by 6.0% during the second quarter. Capital World Investors now owns 36,065,983 shares of the oil and gas producer’s stock worth $1,040,707,000 after buying an additional 2,042,846 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Canadian Natural Resources Limited by 26.2% during the second quarter. Ameriprise Financial Inc. now owns 9,762,039 shares of the oil and gas producer’s stock worth $281,539,000 after buying an additional 2,025,045 shares during the last quarter. CIBC Asset Management Inc grew its holdings 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 worth $482,767,000 after buying an additional 1,780,934 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Canadian Natural Resources Limited by 34.0% during the second quarter. OMERS ADMINISTRATION Corp now owns 4,794,475 shares of the oil and gas producer’s stock worth $138,145,000 after buying an additional 1,217,075 shares during the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.

A number of equities analysts recently issued reports on the company. Canaccord Genuity reissued a “buy” rating and set a $53.00 price target on shares of Canadian Natural Resources Limited in a report on Wednesday, November 8th. Zacks Investment Research lowered Canadian Natural Resources Limited from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Morgan Stanley raised their price target on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Finally, Citigroup Inc. lowered Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Canadian Natural Resources Limited has a consensus rating of “Buy” and a consensus target price of $45.90.

Shares of Canadian Natural Resources Limited (NYSE CNQ) traded down $0.46 on Tuesday, reaching $36.06. The company’s stock had a trading volume of 1,312,200 shares, compared to its average volume of 2,485,783. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $36.79. The stock has a market cap of $44,486.47, a price-to-earnings ratio of 40.13, a PEG 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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be issued a $0.214 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resources Limited’s dividend payout ratio is presently 52.07%.

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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.

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

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