Canadian Natural Resources Limited (NYSE:CNQ) Holdings Cut by Aigen Investment Management LP

Aigen Investment Management LP lowered its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,545 shares of the oil and gas producer’s stock after selling 13,778 shares during the period. Aigen Investment Management LP’s holdings in Canadian Natural Resources were worth $1,252,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CNQ. Duncker Streett & Co. Inc. acquired a new position in shares of Canadian Natural Resources during the fourth quarter valued at $25,000. Continuum Advisory LLC increased its holdings in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the period. R Squared Ltd acquired a new position in shares of Canadian Natural Resources during the fourth quarter valued at $32,000. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources during the third quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources during the fourth quarter valued at $35,000. Institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

CNQ has been the topic of a number of research analyst reports. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.00.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $27.46 on Thursday. The business’s 50-day moving average price is $30.54 and its 200 day moving average price is $32.80. The firm has a market cap of $57.72 billion, a P/E ratio of 10.66 and a beta of 1.45. Canadian Natural Resources Limited has a 52-week low of $25.62 and a 52-week high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

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).