Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lessened its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 67.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,862 shares of the oil and gas producer’s stock after selling 16,277 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Canadian Natural Resources were worth $236,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. US Bancorp DE raised its stake in Canadian Natural Resources by 2.8% during the third quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after buying an additional 2,728 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Canadian Natural Resources by 21.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock valued at $893,000 after acquiring an additional 4,702 shares in the last quarter. KG&L Capital Management LLC raised its position in shares of Canadian Natural Resources by 19.9% during the 3rd quarter. KG&L Capital Management LLC now owns 6,775 shares of the oil and gas producer’s stock valued at $225,000 after acquiring an additional 1,125 shares in the last quarter. Moloney Securities Asset Management LLC lifted its stake in Canadian Natural Resources by 5.4% during 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 purchasing an additional 376 shares during the last quarter. Finally, Old West Investment Management LLC boosted its holdings in Canadian Natural Resources by 73.9% in the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after purchasing an additional 151,237 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

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

Canadian Natural Resources Price Performance

Shares of CNQ opened at $26.95 on Wednesday. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a fifty day moving average price of $30.60 and a 200 day moving average price of $32.84. The company has a market cap of $56.65 billion, a P/E ratio of 10.47 and a beta of 1.45.

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).