Cumberland Partners Ltd Sells 9,641 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Cumberland Partners Ltd cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,653 shares of the oil and gas producer’s stock after selling 9,641 shares during the quarter. Cumberland Partners Ltd’s holdings in Canadian Natural Resources were worth $4,829,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Continuum Advisory LLC increased its holdings in 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 acquiring an additional 490 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Canadian Natural Resources during the 4th quarter valued at about $32,000. Coastline Trust Co bought a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in Canadian Natural Resources in the fourth quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $37,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $30.40 on Thursday. The firm has a market capitalization of $63.89 billion, a P/E ratio of 11.80 and a beta of 1.45. 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 52 week low of $28.65 and a 52 week high of $41.29. The company has a 50 day moving average price of $30.92 and a 200 day moving average price of $33.26.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CNQ shares. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday. Tudor Pickering lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus price target of $62.00.

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).