Sequoia Financial Advisors LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,168 shares of the oil and gas producer’s stock after buying an additional 16,029 shares during the period. Sequoia Financial Advisors LLC’s holdings in Canadian Natural Resources were worth $1,919,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources during the 4th quarter worth $25,000. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% during the 3rd 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 period. Coastline Trust Co purchased a new stake in Canadian Natural Resources during the 3rd quarter worth $33,000. R Squared Ltd purchased a new stake in Canadian Natural Resources during the 4th quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Canadian Natural Resources during the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.
Canadian Natural Resources Price Performance
CNQ opened at $29.40 on Friday. Canadian Natural Resources Limited has a 1-year low of $25.62 and a 1-year high of $41.29. The company has a 50-day moving average of $30.25 and a 200-day moving average of $32.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market capitalization of $61.76 billion, a P/E ratio of 11.42 and a beta of 1.48.
Canadian Natural Resources Increases Dividend
Analysts Set New Price Targets
Several research firms recently issued reports on CNQ. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Evercore ISI raised shares of Canadian Natural Resources from an “in-line” rating to an “outperform” rating in a research report on Friday, March 7th. Raymond James reissued a “market perform” rating on shares of Canadian Natural Resources in a research report on Friday, March 7th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Natural Resources from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $63.00.
View Our Latest Research Report on CNQ
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).
Further Reading
- Five stocks we like better than Canadian Natural Resources
- What is the Nikkei 225 index?
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Market Cap Calculator: How to Calculate Market Cap
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ).
Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.