PNC Financial Services Group Inc. Has $2.69 Million Stake in Canadian Natural Resources Limited (CNQ)

PNC Financial Services Group Inc. decreased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,967 shares of the oil and gas producer’s stock after selling 198 shares during the period. PNC Financial Services Group Inc.’s holdings in Canadian Natural Resources Limited were worth $2,687,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Comerica Bank raised its stake in shares of Canadian Natural Resources Limited by 12.1% in the fourth quarter. Comerica Bank now owns 136,094 shares of the oil and gas producer’s stock valued at $4,277,000 after buying an additional 14,710 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Canadian Natural Resources Limited by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 75,022 shares of the oil and gas producer’s stock valued at $2,393,000 after buying an additional 2,970 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Canadian Natural Resources Limited during the fourth quarter valued at about $889,000. Franklin Resources Inc. raised its stake in shares of Canadian Natural Resources Limited by 2.6% in the fourth quarter. Franklin Resources Inc. now owns 3,669,944 shares of the oil and gas producer’s stock valued at $116,958,000 after buying an additional 92,268 shares during the last quarter. Finally, Janus Capital Management LLC raised its stake in shares of Canadian Natural Resources Limited by 8.7% in the fourth quarter. Janus Capital Management LLC now owns 2,313,050 shares of the oil and gas producer’s stock valued at $73,740,000 after buying an additional 184,666 shares during the last quarter. Institutional investors own 65.68% of the company’s stock.

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

Canadian Natural Resources Limited (NYSE CNQ) traded down 2.42% on Tuesday, hitting $27.77. 1,189,048 shares of the stock were exchanged. The company has a 50-day moving average of $30.02 and a 200 day moving average of $31.30. Canadian Natural Resources Limited has a 12 month low of $27.52 and a 12 month high of $35.28. The firm has a market cap of $31.02 billion, a P/E ratio of 280.51 and a beta of 1.41.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Friday, June 16th will be given a $0.2014 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.81 annualized dividend and a yield of 2.83%. Canadian Natural Resources Limited’s payout ratio is presently 888.89%.

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Several equities research analysts have recently issued reports on CNQ shares. Royal Bank Of Canada raised their price target on shares of Canadian Natural Resources Limited from $55.00 to $60.00 and gave the stock a “top pick” rating in a research note on Friday, March 10th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a research note on Saturday, March 11th. TheStreet upgraded shares of Canadian Natural Resources Limited from a “d+” rating to a “c-” rating in a research note on Wednesday, April 12th. Finally, Zacks Investment Research upgraded shares of Canadian Natural Resources Limited from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Friday, May 5th. One analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.80.

About Canadian Natural Resources Limited

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CNQ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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