Golden State Wealth Management LLC Invests $346,000 in Canadian Natural Resources Limited (NYSE:CNQ)

Golden State Wealth Management LLC purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,219 shares of the oil and gas producer’s stock, valued at approximately $346,000.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock worth $112,763,000 after buying an additional 3,600,686 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Canadian Natural Resources by 73.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock worth $260,116,000 after purchasing an additional 3,312,442 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Canadian Natural Resources by 63.5% in the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after purchasing an additional 3,198,007 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after purchasing an additional 1,651,452 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after purchasing an additional 1,383,478 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 1.0 %

Shares of Canadian Natural Resources stock opened at $30.38 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $31.39 and a 200 day moving average price of $33.53. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The firm has a market cap of $63.89 billion, a P/E ratio of 11.80 and a beta of 1.45.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).