Bank of New York Mellon Corp established a new position in Canadian Natural Resources during the second quarter. The bank acquired 2,967,473 shares of the oil and gas producer according to its latest 13F filing.
The investment is valued at approximately $117.2 million. This stake represents roughly 0.14% ownership of the company.
Canadian Natural Resources reported second-quarter earnings on August 6th. The company posted earnings of $1.58 per share, surpassing the $1.43 consensus estimate. Other institutional investors are also adjusting their positions in the firm.