First Eagle Investment Management LLC Grows Holdings in Canadian Natural Resources Limited (CNQ)

First Eagle Investment Management LLC raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,990,229 shares of the oil and gas producer’s stock after purchasing an additional 382,905 shares during the period. First Eagle Investment Management LLC owned 0.41% of Canadian Natural Resources Limited worth $167,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Korea Investment CORP lifted its holdings in shares of Canadian Natural Resources Limited by 3.4% in the 3rd quarter. Korea Investment CORP now owns 805,050 shares of the oil and gas producer’s stock valued at $26,900,000 after acquiring an additional 26,584 shares during the last quarter. Shell Asset Management Co. lifted its holdings in shares of Canadian Natural Resources Limited by 176.5% in the 3rd quarter. Shell Asset Management Co. now owns 293,011 shares of the oil and gas producer’s stock valued at $12,749,000 after acquiring an additional 187,038 shares during the last quarter. BlueCrest Capital Management Ltd lifted its holdings in shares of Canadian Natural Resources Limited by 22.7% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 298,092 shares of the oil and gas producer’s stock valued at $8,597,000 after acquiring an additional 55,053 shares during the last quarter. Public Sector Pension investment Board lifted its holdings in shares of Canadian Natural Resources Limited by 22.4% in the 2nd quarter. Public Sector Pension investment Board now owns 2,366,320 shares of the oil and gas producer’s stock valued at $68,182,000 after acquiring an additional 432,800 shares during the last quarter. Finally, Barometer Capital Management Inc. bought a new position in shares of Canadian Natural Resources Limited in the 3rd quarter valued at about $17,435,000. 58.64% of the stock is owned by institutional investors and hedge funds.

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Shares of Canadian Natural Resources Limited (CNQ) opened at $36.06 on Tuesday. 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 1 year low of $27.52 and a 1 year high of $36.79. The firm has a market cap of $44,486.47, a PE ratio of 40.13, a P/E/G ratio of 8.78 and a beta of 1.49.

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

A number of brokerages recently commented on CNQ. Canaccord Genuity reaffirmed a “buy” rating and issued a $53.00 price target on shares of Canadian Natural Resources Limited in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Canadian Natural Resources Limited from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Morgan Stanley increased their price target on shares of Canadian Natural Resources Limited from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, October 13th. Finally, Citigroup Inc. downgraded shares of Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. One equities 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 issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $45.90.

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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