Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC lifted its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 40.6% in the 4th quarter, Holdings Channel reports. The firm owned 450,000 shares of the oil and gas producer’s stock after purchasing an additional 130,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Canadian Natural Resources were worth $13,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CNQ. Janney Montgomery Scott LLC lifted its position in shares of Canadian Natural Resources by 21.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock valued at $893,000 after acquiring an additional 4,702 shares during the period. Moloney Securities Asset Management LLC raised its holdings in Canadian Natural Resources by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares during the last quarter. Old West Investment Management LLC raised its holdings in Canadian Natural Resources by 73.9% during the third quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after purchasing an additional 151,237 shares during the last quarter. Malaga Cove Capital LLC purchased a new stake in Canadian Natural Resources during the third quarter worth $268,000. Finally, Olympiad Research LP grew its holdings in Canadian Natural Resources by 26.0% in the third quarter. Olympiad Research LP now owns 19,320 shares of the oil and gas producer’s stock valued at $642,000 after purchasing an additional 3,990 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

CNQ has been the subject of several research reports. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $27.93 on Friday. The firm’s 50-day moving average is $30.50 and its two-hundred day moving average is $32.77. 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 stock has a market capitalization of $58.71 billion, a P/E ratio of 10.85 and a beta of 1.48. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-month 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).