Dynamic Technology Lab Private Ltd Acquires Shares of 10,047 Canadian Natural Resources Limited (CNQ)

Dynamic Technology Lab Private Ltd acquired a new position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,047 shares of the oil and gas producer’s stock, valued at approximately $290,000.

Other large investors have also recently made changes to their positions in the company. FTB Advisors Inc. raised its stake in shares of Canadian Natural Resources Limited by 1.3% in the second quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock worth $102,000 after purchasing an additional 41 shares during the last quarter. Fiduciary Trust Co. purchased a new position in Canadian Natural Resources Limited during the second quarter valued at approximately $126,000. Tower Research Capital LLC TRC raised its position in Canadian Natural Resources Limited by 12.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,903 shares of the oil and gas producer’s stock valued at $259,000 after acquiring an additional 763 shares in the last quarter. Greenleaf Trust purchased a new position in Canadian Natural Resources Limited during the second quarter valued at approximately $204,000. Finally, Morningstar Investment Services LLC purchased a new position in Canadian Natural Resources Limited during the second quarter valued at approximately $218,000. Hedge funds and other institutional investors own 59.04% of the company’s stock.

Canadian Natural Resources Limited (NYSE CNQ) opened at 33.83 on Monday. The firm’s 50-day moving average price is $33.21 and its 200-day moving average price is $31.20. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-year high of $35.28. The firm has a market cap of $41.11 billion, a price-to-earnings ratio of 29.55 and a beta of 1.47.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were given 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 was Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.62%. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is presently 86.28%.

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Several brokerages recently weighed in on CNQ. Zacks Investment Research upgraded Canadian Natural Resources Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 17th. Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley upgraded 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 research report on Wednesday, July 19th. Canaccord Genuity restated a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. Finally, ValuEngine upgraded Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and an average target price of $45.30.

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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