Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 107,952 shares of the oil and gas producer’s stock after selling 430 shares during the quarter. Lincluden Management Ltd.’s holdings in Canadian Natural Resources were worth $3,333,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mainstay Capital Management LLC ADV lifted its holdings in Canadian Natural Resources by 1.5% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 39,250 shares of the oil and gas producer’s stock valued at $1,212,000 after acquiring an additional 587 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in shares of Canadian Natural Resources by 162.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 43,071 shares of the oil and gas producer’s stock worth $1,330,000 after purchasing an additional 26,673 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in shares of Canadian Natural Resources by 0.8% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 229,729 shares of the oil and gas producer’s stock worth $7,026,000 after purchasing an additional 1,885 shares in the last quarter. Investment Management Associates Inc. ADV lifted its stake in Canadian Natural Resources by 0.4% during the fourth quarter. Investment Management Associates Inc. ADV now owns 246,288 shares of the oil and gas producer’s stock valued at $7,603,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Waterfront Wealth Inc. boosted its holdings in Canadian Natural Resources by 1.8% during the fourth quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer’s stock worth $930,000 after buying an additional 520 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Down 2.0 %

NYSE CNQ opened at $29.37 on Tuesday. The firm’s 50 day moving average price is $30.84 and its two-hundred day moving average price is $33.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month high of $41.29. The stock has a market cap of $61.72 billion, a price-to-earnings ratio of 11.40 and a beta of 1.45.

Wall Street Analysts Forecast Growth

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

Canadian Natural Resources Company 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).