Boston Financial Mangement LLC Takes $218,000 Position in Canadian Natural Resources Limited (NYSE:CNQ)

Boston Financial Mangement LLC purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,046 shares of the oil and gas producer’s stock, valued at approximately $218,000.

A number of other large investors have also made changes to their positions in CNQ. Continuum Advisory LLC raised 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 acquiring an additional 490 shares during the period. R Squared Ltd acquired a new position in Canadian Natural Resources in the 4th quarter valued at approximately $32,000. Coastline Trust Co acquired a new position in Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources in the 3rd quarter valued at approximately $37,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ stock opened at $29.98 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29. The firm has a 50 day moving average of $30.87 and a two-hundred day moving average of $33.22.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CNQ shares. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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).