Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 476,697 shares of the oil and gas producer’s stock after selling 10,794 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Canadian Natural Resources were worth $14,716,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its position in Canadian Natural Resources by 2.8% during the third quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after acquiring an additional 2,728 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Canadian Natural Resources by 21.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock worth $893,000 after purchasing an additional 4,702 shares during the period. KG&L Capital Management LLC increased its position in Canadian Natural Resources by 19.9% during the 3rd quarter. KG&L Capital Management LLC now owns 6,775 shares of the oil and gas producer’s stock worth $225,000 after purchasing an additional 1,125 shares in the last quarter. Moloney Securities Asset Management LLC increased its position in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares in the last quarter. Finally, Old West Investment Management LLC raised its holdings in Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock valued at $11,822,000 after buying an additional 151,237 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CNQ shares. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and a consensus price target of $62.00.

Canadian Natural Resources Stock Down 5.6 %

NYSE CNQ opened at $26.70 on Tuesday. 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 fifty-two week low of $26.33 and a fifty-two week high of $41.29. The business has a 50 day moving average price of $30.66 and a two-hundred day moving average price of $32.91. The stock has a market cap of $56.12 billion, a PE ratio of 10.37 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).