Bank of New York Mellon Corp Acquires 2,064,492 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Bank of New York Mellon Corp boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 87.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,437,771 shares of the oil and gas producer’s stock after acquiring an additional 2,064,492 shares during the quarter. Bank of New York Mellon Corp owned 0.21% of Canadian Natural Resources worth $136,994,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CNQ. Continuum Advisory LLC lifted its position in shares of Canadian Natural Resources by 144.1% in the 3rd 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 period. R Squared Ltd acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $32,000. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources in the 3rd quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources in the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Canadian Natural Resources in the 3rd quarter worth approximately $37,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Down 0.2 %

Canadian Natural Resources stock opened at $28.25 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12-month low of $27.66 and a 12-month high of $41.29. The firm’s fifty day moving average is $30.73 and its 200 day moving average is $33.02. The company has a market capitalization of $59.38 billion, a PE ratio of 10.97 and a beta of 1.45.

Analyst Upgrades and Downgrades

CNQ has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a research report 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and a consensus price target 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).