24,433 Shares in Canadian Natural Resources Limited (CNQ) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,433 shares of the oil and gas producer’s stock, valued at approximately $818,000.

A number of other large investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in Canadian Natural Resources Limited by 12.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,813,208 shares of the oil and gas producer’s stock valued at $127,404,000 after purchasing an additional 407,497 shares during the last quarter. Comerica Bank increased its stake in Canadian Natural Resources Limited by 3.5% during the 3rd quarter. Comerica Bank now owns 131,236 shares of the oil and gas producer’s stock valued at $4,567,000 after buying an additional 4,397 shares during the period. Bank of New York Mellon Corp increased its stake in Canadian Natural Resources Limited by 2.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,278,217 shares of the oil and gas producer’s stock valued at $42,808,000 after buying an additional 31,925 shares during the period. CI Global Investments Inc. increased its stake in Canadian Natural Resources Limited by 56.9% during the 3rd quarter. CI Global Investments Inc. now owns 1,032,525 shares of the oil and gas producer’s stock valued at $34,579,000 after buying an additional 374,550 shares during the period. Finally, Lucas Capital Management acquired a new position in Canadian Natural Resources Limited during the 3rd quarter valued at about $203,000. Hedge funds and other institutional investors own 59.39% of the company’s stock.

Canadian Natural Resources Limited (CNQ) opened at $34.60 on Thursday. The firm has a market cap of $41,770.02, a P/E ratio of 37.68, a PEG ratio of 8.66 and a beta of 1.49. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. Canadian Natural Resources Limited has a 1 year low of $27.52 and a 1 year high of $36.79.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be given a $0.214 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, December 11th. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is currently 52.07%.

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Several equities analysts have commented on CNQ shares. Canaccord Genuity reissued a “buy” rating and set a $48.00 target price on shares of Canadian Natural Resources Limited in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Wednesday, October 4th. Finally, Morgan Stanley raised their target price on shares of Canadian Natural Resources Limited from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and an average target price of $45.90.

Canadian Natural Resources Limited 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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