NWQ Investment Management Company LLC Decreases Holdings in Canadian Natural Resource Ltd (CNQ)

NWQ Investment Management Company LLC decreased its holdings in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 896,181 shares of the oil and gas producer’s stock after selling 11,479 shares during the quarter. NWQ Investment Management Company LLC owned approximately 0.07% of Canadian Natural Resource worth $30,013,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Canadian Natural Resource by 6.7% during the third quarter. Envestnet Asset Management Inc. now owns 38,488 shares of the oil and gas producer’s stock valued at $1,290,000 after buying an additional 2,407 shares in the last quarter. Nippon Life Global Investors Americas Inc. grew its holdings in shares of Canadian Natural Resource by 49.2% during the third quarter. Nippon Life Global Investors Americas Inc. now owns 48,080 shares of the oil and gas producer’s stock valued at $1,610,000 after purchasing an additional 15,850 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Canadian Natural Resource by 19.7% during the third quarter. Private Advisor Group LLC now owns 9,180 shares of the oil and gas producer’s stock valued at $303,000 after purchasing an additional 1,508 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Canadian Natural Resource by 11.3% during the third quarter. Stifel Financial Corp now owns 39,280 shares of the oil and gas producer’s stock valued at $1,314,000 after purchasing an additional 3,974 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Canadian Natural Resource by 10.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 97,000 shares of the oil and gas producer’s stock valued at $3,249,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 59.41% of the company’s stock.

Shares of Canadian Natural Resource Ltd (NYSE:CNQ) traded down $0.17 during midday trading on Friday, reaching $35.72. The company’s stock had a trading volume of 1,349,019 shares, compared to its average volume of 1,914,820. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.67. The company has a market cap of $43,719.04, a price-to-earnings ratio of 21.14, a P/E/G ratio of 9.29 and a beta of 1.46. Canadian Natural Resource Ltd has a 52-week low of $27.52 and a 52-week high of $36.79.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be paid a dividend of $0.214 per share. This represents a $0.86 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, December 11th. Canadian Natural Resource’s payout ratio is currently 50.89%.

CNQ has been the subject of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 target price on shares of Canadian Natural Resource in a report on Tuesday, September 5th. Zacks Investment Research raised Canadian Natural Resource from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, October 4th. Finally, Morgan Stanley increased their price objective on Canadian Natural Resource from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Canadian Natural Resource currently has an average rating of “Buy” and a consensus target price 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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