Olympiad Research LP Sells 10,426 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Olympiad Research LP trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 54.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,894 shares of the oil and gas producer’s stock after selling 10,426 shares during the quarter. Olympiad Research LP’s holdings in Canadian Natural Resources were worth $275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of 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 worth $112,763,000 after purchasing an additional 3,600,686 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Canadian Natural Resources by 73.3% during 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 buying an additional 3,312,442 shares during the period. National Bank of Canada FI grew its position in shares of Canadian Natural Resources by 63.5% in the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after buying an additional 3,198,007 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Canadian Natural Resources by 3.9% in 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 buying an additional 1,651,452 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Canadian Natural Resources by 5.1% in the third 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 buying an additional 1,383,478 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on CNQ shares. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Five investment 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, Canadian Natural Resources presently has an average rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Stock Down 2.5 %

Shares of Canadian Natural Resources stock opened at $29.98 on Monday. The stock’s 50-day moving average is $30.87 and its 200 day moving average is $33.22. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29. The firm has a market cap of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. 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).