Cubist Systematic Strategies LLC Acquires 5,645 Shares of Canadian Natural Resource Ltd (CNQ)

Cubist Systematic Strategies LLC grew its holdings in shares of Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 1,129.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,145 shares of the oil and gas producer’s stock after acquiring an additional 5,645 shares during the period. Cubist Systematic Strategies LLC’s holdings in Canadian Natural Resource were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Capital World Investors grew its position in shares of Canadian Natural Resource by 6.0% during the 2nd quarter. Capital World Investors now owns 36,065,983 shares of the oil and gas producer’s stock valued at $1,040,707,000 after acquiring an additional 2,042,846 shares during the period. Vanguard Group Inc. grew its position in shares of Canadian Natural Resource by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 26,244,673 shares of the oil and gas producer’s stock valued at $756,896,000 after acquiring an additional 599,935 shares during the period. TD Asset Management Inc. grew its position in shares of Canadian Natural Resource by 6.5% during the 3rd quarter. TD Asset Management Inc. now owns 23,511,155 shares of the oil and gas producer’s stock valued at $785,617,000 after acquiring an additional 1,437,849 shares during the period. Ameriprise Financial Inc. grew its position in shares of Canadian Natural Resource by 11.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 10,842,877 shares of the oil and gas producer’s stock valued at $363,126,000 after acquiring an additional 1,080,838 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of Canadian Natural Resource by 5.5% during the 3rd quarter. Great West Life Assurance Co. Can now owns 9,123,162 shares of the oil and gas producer’s stock valued at $305,279,000 after acquiring an additional 478,811 shares during the period. 59.41% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on CNQ. Zacks Investment Research raised shares of Canadian Natural Resource from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Tuesday. Canaccord Genuity reissued a “buy” rating and set a $53.00 price objective on shares of Canadian Natural Resource in a research report on Wednesday, November 8th. Finally, Morgan Stanley boosted their price objective on shares of Canadian Natural Resource from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $46.29.

Canadian Natural Resource Ltd (NYSE CNQ) opened at $36.52 on Thursday. The firm has a market cap of $44,490.00, a price-to-earnings ratio of 20.52, a P/E/G ratio of 3.93 and a beta of 1.46. 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 Resource Ltd has a 1-year low of $27.52 and a 1-year high of $37.38.

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Tuesday, December 12th were issued a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Monday, December 11th. Canadian Natural Resource’s dividend payout ratio is currently 49.44%.

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Canadian Natural Resource 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.

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

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