Olympiad Research LP Has $275,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

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

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Canadian Natural Resources by 15.8% during the third quarter. Creative Planning now owns 92,067 shares of the oil and gas producer’s stock valued at $3,058,000 after acquiring an additional 12,570 shares in the last quarter. Blue Trust Inc. increased its stake in Canadian Natural Resources by 72.1% during the 3rd quarter. Blue Trust Inc. now owns 5,019 shares of the oil and gas producer’s stock valued at $179,000 after purchasing an additional 2,103 shares in the last quarter. Greenleaf Trust acquired a new position in Canadian Natural Resources during the third quarter worth $207,000. International Assets Investment Management LLC acquired a new position in Canadian Natural Resources during the third quarter worth $7,460,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Canadian Natural Resources in the third quarter valued at $551,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

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 debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company has a market capitalization of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. The firm’s fifty day moving average price is $30.87 and its two-hundred day moving average price is $33.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on CNQ. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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).