Know before you buy this stock: Canadian Natural Resources Limited (NYSE: CNQ)

Judith Bessette
Agosto 17, 2017

The institutional investor held 12,073 shares of the oil & gas production company at the end of 2016Q4, valued at $2.17M, up from 10,364 at the end of the previous reported quarter. Pioneer Natural Resources now has $22.60B valuation. United Kingdom-based Uss Investment Mgmt Ltd has invested 1.21% in Pioneer Natural Resources (NYSE:PXD). Private Retail Bank Trust Communication holds 0.04% of its portfolio in Pioneer Natural Resources (NYSE:PXD) for 1,409 shares. State Of Tennessee Treasury Department has invested 0.1% in Pioneer Natural Resources (NYSE:PXD). Retail Bank Of Montreal Can has invested 0.01% of its portfolio in Pioneer Natural Resources (NYSE:PXD). BlackRock Inc. now owns 11,376,848 shares of the oil and gas development company's stock valued at $2,118,708,000 after buying an additional 10,921,279 shares during the period. Hedge funds and other institutional investors own 60.27% of the company's stock. Assetmark stated it has 0.02% in Pioneer Natural Resources (NYSE:PXD). The stock's current distance from 20-Day Simple Moving Average (SMA20) is -11.07% where SMA50 and SMA200 are -14.53% and -23.73% respectively. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 132.83 and a beta of 0.91. Analysts on average have given a price target of $37.66 to Canadian Natural Resources Limited stock. (NYSE:OGE) are -2.01%; 2.36% for the month; 4.81% for the last quarter; 3.5% for the past six-months; and 15.25% for the last 12 months. For the outlook of the current financial quarter, Analysts think the firm will post 0.20 earnings per share. Riverhead Management Ltd Liability Co has 0.03% invested in Pioneer Natural Resources (NYSE:PXD). The firm's quarterly revenue was up 107.4% on a year-over-year basis. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.06 billion. The short ratio in the company's stock is documented at 4.73 and the short float is around of 1.08%. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation. If you are accessing this story on another domain, it was illegally copied and reposted in violation of US and global trademark & copyright law. The legal version of this report can be accessed at https://sportsperspectives.com/2017/08/14/canadian-natural-resources-limited-cnq-stake-lowered-by-apg-asset-management-n-v-updated-updated.html.

Many financial stock experts have quite recently commented on PXD Stocks. Citigroup Inc. cut their price objective on Pioneer Natural Resources from $190.00 to $165.00 and set a "buy" rating on the stock in a research note on Tuesday. Piper Jaffray Companies reissued an "overweight" rating and issued a $246.00 target price (up from $225.00) on shares of Pioneer Natural Resources in a report on Thursday, May 11th. Barclays PLC reiterated a "buy" rating and issued a $196.00 price target (down previously from $204.00) on shares of Pioneer Natural Resources in a report on Thursday, April 20th. KLR Group increased their price target on shares of Pioneer Natural Resources from $234.00 to $240.00 and gave the company a "buy" rating in a report on Tuesday, May 9th.

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According to the latest research reports released, 6 analysts have issued a rating of "buy", 14 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 1 analysts "sell". Pioneer Natural Resources presently has an average rating of "Buy" and a consensus price target of $210.71. The shares were bought at an average cost of $133.40 per share, with a total value of $100,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. On Friday, January 8 the stock rating was downgraded by Macquarie Research to "Neutral". The shares were bought at an average price of $135.37 per share, with a total value of $47,379.50. Can now owns 8,863,863 shares of the oil and gas producer's stock valued at $290,083,000 after buying an additional 913,220 shares during the period. The disclosure for this purchase can be found here. The oil and gas development business posted $0.21 EPS (EPS) for the period, reaching the Thomson Reuters' average forecast of $0.11 by $0.10.

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids and natural gas.

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