Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Meritage Portfolio Management

Meritage Portfolio Management lessened its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,752 shares of the oil and gas producer’s stock after selling 5,557 shares during the quarter. Meritage Portfolio Management’s holdings in Canadian Natural Resources were worth $2,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Canadian Natural Resources by 6,902.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after acquiring an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Canadian Natural Resources by 73.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after purchasing an additional 3,312,442 shares during the last quarter. National Bank of Canada FI increased its stake in shares of Canadian Natural Resources by 63.5% during the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after purchasing an additional 3,198,007 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after buying an additional 1,383,478 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $31.12 on Thursday. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29. The stock has a market cap of $65.44 billion, a PE ratio of 12.08 and a beta of 1.45. The business’s fifty day moving average price is $31.50 and its two-hundred day moving average price is $33.56. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources Profile

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).