Canadian Natural Resource Ltd (CNQ) Stake Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its holdings in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 6.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,488 shares of the oil and gas producer’s stock after purchasing an additional 2,407 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Canadian Natural Resource were worth $1,290,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. FTB Advisors Inc. lifted its position in Canadian Natural Resource by 1.3% during the 2nd quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock worth $102,000 after acquiring an additional 41 shares during the period. Fiduciary Trust Co. acquired a new stake in Canadian Natural Resource during the 2nd quarter worth about $126,000. Lucas Capital Management acquired a new stake in Canadian Natural Resource during the 3rd quarter worth about $203,000. Private Advisor Group LLC raised its stake in shares of Canadian Natural Resource by 24.0% during the 2nd quarter. Private Advisor Group LLC now owns 7,672 shares of the oil and gas producer’s stock valued at $220,000 after buying an additional 1,485 shares during the last quarter. Finally, Krilogy Financial LLC purchased a new position in shares of Canadian Natural Resource during the 2nd quarter valued at about $233,000. 59.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Canadian Natural Resource Ltd (NYSE:CNQ) opened at $33.70 on Tuesday. 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 twelve month low of $27.52 and a twelve month high of $36.79. The stock has a market capitalization of $40,271.71, a PE ratio of 36.33, a P/E/G ratio of 8.35 and a beta of 1.46.

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 issued a $0.214 dividend. This represents a $0.86 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, December 11th. Canadian Natural Resource’s payout ratio is 50.89%.

A number of research firms have weighed in on CNQ. Canaccord Genuity reiterated a “buy” rating and set a $53.00 price objective on shares of Canadian Natural Resource in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Wednesday, October 4th. Finally, Morgan Stanley lifted their price objective on Canadian Natural Resource 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 issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Canadian Natural Resource presently has an average rating of “Buy” and a consensus price target of $45.71.

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About Canadian Natural Resource

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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