Goehring & Rozencwajg Associates LLC bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 512,344 shares of the oil and gas producer’s stock, valued at approximately $15,193,000. Canadian Natural Resources comprises 3.1% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 9th largest holding.
A number of other institutional investors have also recently bought and sold shares of CNQ. Moloney Securities Asset Management LLC boosted its holdings in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 376 shares during the period. Measured Wealth Private Client Group LLC boosted its stake in Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 404 shares during the period. Kingsview Wealth Management LLC grew its position in Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after purchasing an additional 419 shares in the last quarter. Fifth Third Bancorp raised its stake in Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 429 shares during the period. Finally, Pitcairn Co. lifted its holdings in shares of Canadian Natural Resources by 1.3% in the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after purchasing an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.
Canadian Natural Resources Stock Performance
Shares of CNQ stock opened at $30.38 on Friday. The company has a market capitalization of $63.89 billion, a price-to-earnings ratio of 11.80 and a beta of 1.45. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $31.39 and its 200-day simple moving average is $33.53.
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).
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