Global Retirement Partners LLC Has $370,000 Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Global Retirement Partners LLC lifted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,993 shares of the oil and gas producer’s stock after buying an additional 514 shares during the period. Global Retirement Partners LLC’s holdings in Canadian Natural Resources were worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after acquiring an additional 3,600,686 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Canadian Natural Resources by 73.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock worth $260,116,000 after purchasing an additional 3,312,442 shares during the last quarter. National Bank of Canada FI increased its position in shares of Canadian Natural Resources by 63.5% during the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after purchasing an additional 3,198,007 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after purchasing an additional 1,651,452 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Canadian Natural Resources by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after purchasing an additional 1,383,478 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 2.5 %

Shares of NYSE CNQ opened at $29.98 on Monday. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a 50-day moving average of $30.87 and a two-hundred day moving average of $33.22. The company has a market cap of $63.01 billion, a PE ratio of 11.64 and a beta of 1.45. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

CNQ has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five research 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 a consensus target price of $62.00.

Canadian Natural Resources Company 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).