SRS Capital Advisors Inc. Trims Position in Canadian Natural Resources Limited (NYSE:CNQ)

SRS Capital Advisors Inc. lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,211 shares of the oil and gas producer’s stock after selling 756 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Canadian Natural Resources were worth $315,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. acquired a new stake in Canadian Natural Resources during the 4th quarter worth approximately $25,000. Continuum Advisory LLC raised its stake in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $32,000. Coastline Trust Co purchased a new position in Canadian Natural Resources in the 3rd quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $26.95 on Wednesday. The company has a market cap of $56.65 billion, a P/E ratio of 10.47 and a beta of 1.45. Canadian Natural Resources Limited has a one year low of $25.62 and a one year high of $41.29. The business has a fifty day moving average of $30.60 and a two-hundred day moving average of $32.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Wall Street Analyst Weigh In

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

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).