Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 107,952 shares of the oil and gas producer’s stock after selling 430 shares during the period. Lincluden Management Ltd.’s holdings in Canadian Natural Resources were worth $3,333,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CNQ. Moloney Securities Asset Management LLC lifted its holdings in 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 acquiring an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its holdings in shares of 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 last quarter. Kingsview Wealth Management LLC boosted 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 valued at $300,000 after purchasing an additional 419 shares during the period. Fifth Third Bancorp grew 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 worth $39,000 after buying an additional 429 shares during the last quarter. Finally, Pitcairn Co. increased its position in 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 worth $1,209,000 after buying an additional 475 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Down 2.0 %

Shares of Canadian Natural Resources stock opened at $29.37 on Tuesday. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a market capitalization of $61.72 billion, a P/E ratio of 11.40 and a beta of 1.45. The business’s fifty day moving average price is $30.84 and its two-hundred day moving average price is $33.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

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).