Mission Wealth Management LP Sells 720 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Mission Wealth Management LP reduced its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,724 shares of the oil and gas producer’s stock after selling 720 shares during the quarter. Mission Wealth Management LP’s holdings in Canadian Natural Resources were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $62,000. Jones Financial Companies Lllp boosted its holdings in Canadian Natural Resources by 76.5% in the fourth quarter. Jones Financial Companies Lllp now owns 15,100 shares of the oil and gas producer’s stock worth $466,000 after acquiring an additional 6,547 shares in the last quarter. Duncker Streett & Co. Inc. bought a new position in Canadian Natural Resources in the fourth quarter worth approximately $25,000. Capital Wealth Planning LLC lifted its holdings in shares of Canadian Natural Resources by 8.8% in the fourth quarter. Capital Wealth Planning LLC now owns 139,203 shares of the oil and gas producer’s stock valued at $4,297,000 after purchasing an additional 11,296 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Canadian Natural Resources by 10.9% in the fourth quarter. Metis Global Partners LLC now owns 131,674 shares of the oil and gas producer’s stock valued at $4,065,000 after purchasing an additional 12,976 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Canadian Natural Resources Stock Up 2.0 %

CNQ stock opened at $27.46 on Thursday. Canadian Natural Resources Limited has a twelve month low of $25.62 and a twelve month high of $41.29. 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 firm has a market cap of $57.72 billion, a PE ratio of 10.66 and a beta of 1.45. The business has a 50 day moving average of $30.54 and a 200 day moving average of $32.80.

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).