Canadian Natural Resources Limited (NYSE:CNQ) is K.J. Harrison & Partners Inc’s 10th Largest Position

K.J. Harrison & Partners Inc raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 391,826 shares of the oil and gas producer’s stock after purchasing an additional 350 shares during the period. Canadian Natural Resources accounts for approximately 1.9% of K.J. Harrison & Partners Inc’s portfolio, making the stock its 10th largest holding. K.J. Harrison & Partners Inc’s holdings in Canadian Natural Resources were worth $12,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CNQ. Continuum Advisory LLC boosted its stake 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 last quarter. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter worth about $33,000. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Canadian Natural Resources during the third quarter worth about $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 0.7 %

Shares of CNQ stock opened at $28.64 on Thursday. The firm’s 50-day simple moving average is $30.78 and its 200-day simple moving average is $33.11. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1-year low of $28.37 and a 1-year high of $41.29. The firm has a market cap of $60.20 billion, a P/E ratio of 11.12 and a beta of 1.45.

Analyst Ratings Changes

Several research firms have commented on CNQ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently 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).