Global Retirement Partners LLC Acquires 514 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Global Retirement Partners LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,993 shares of the oil and gas producer’s stock after purchasing an additional 514 shares during the quarter. Global Retirement Partners LLC’s holdings in Canadian Natural Resources were worth $370,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fisher Asset Management LLC raised 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 worth $1,447,326,000 after buying an additional 1,651,452 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after acquiring an additional 1,383,478 shares during the period. CIBC Asset Management Inc lifted its position in Canadian Natural Resources by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after acquiring an additional 1,270,945 shares in the last quarter. Geode Capital Management LLC boosted its stake in Canadian Natural Resources by 8.1% in the 3rd quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock worth $328,807,000 after purchasing an additional 727,798 shares during the period. Finally, National Bank of Canada FI increased its holdings in 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. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CNQ shares. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Hold” and a consensus price target of $62.00.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $29.98 on Monday. 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 business has a 50-day moving average of $30.87 and a 200-day moving average of $33.22. The stock 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 fifty-two week low of $28.65 and a fifty-two week high of $41.29.

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).