Lee Financial Co Has $1.56 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Lee Financial Co reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 50,280 shares of the oil and gas producer’s stock after selling 749 shares during the quarter. Lee Financial Co’s holdings in Canadian Natural Resources were worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC increased its holdings in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 490 shares during the last quarter. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth $33,000. R Squared Ltd bought a new position in shares of Canadian Natural Resources during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at $37,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Canadian Natural Resources in the fourth quarter worth $35,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Canadian Natural Resources Trading Down 1.0 %

NYSE:CNQ opened at $30.10 on Friday. The company’s 50 day moving average is $31.04 and its 200-day moving average is $33.35. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29. The firm has a market cap of $63.30 billion, a price-to-earnings ratio of 11.69 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).