Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,652 shares of the oil and gas producer’s stock after selling 40,071 shares during the quarter. Canadian Natural Resources comprises 1.3% of Louisbourg Investments Inc.’s holdings, making the stock its 24th biggest position. Louisbourg Investments Inc.’s holdings in Canadian Natural Resources were worth $5,420,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in Canadian Natural Resources by 6,902.0% during 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 purchasing an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Canadian Natural Resources by 73.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after purchasing an additional 3,312,442 shares in the last quarter. National Bank of Canada FI increased its position in shares of Canadian Natural Resources by 63.5% during 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 during the period. 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 worth $1,447,326,000 after buying an additional 1,651,452 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian Natural Resources by 5.1% in the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after buying an additional 1,383,478 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 0.7 %

Shares of CNQ stock opened at $30.93 on Wednesday. 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 stock has a 50-day simple moving average of $31.20 and a 200 day simple moving average of $33.43. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The stock has a market capitalization of $65.04 billion, a P/E ratio of 12.01 and a beta of 1.45.

Canadian Natural Resources Profile

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).