Aigen Investment Management LP Has $1.25 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Aigen Investment Management LP decreased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,545 shares of the oil and gas producer’s stock after selling 13,778 shares during the quarter. Aigen Investment Management LP’s holdings in Canadian Natural Resources were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CNQ. US Bancorp DE boosted its position in shares of Canadian Natural Resources by 2.8% in the 3rd quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after purchasing an additional 2,728 shares during the period. Janney Montgomery Scott LLC boosted its position in 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 worth $893,000 after acquiring an additional 4,702 shares during the period. Moloney Securities Asset Management LLC boosted its position in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after acquiring an additional 376 shares during the period. Old West Investment Management LLC boosted its position in Canadian Natural Resources by 73.9% during the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock worth $11,822,000 after acquiring an additional 151,237 shares during the period. Finally, Harvest Portfolios Group Inc. boosted its position in Canadian Natural Resources by 13.7% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 126,095 shares of the oil and gas producer’s stock worth $4,187,000 after acquiring an additional 15,180 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Stock Up 2.0 %

Shares of Canadian Natural Resources stock opened at $27.46 on Thursday. The firm has a market cap of $57.72 billion, a price-to-earnings ratio of 10.66 and a beta of 1.45. 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 52-week low of $25.62 and a 52-week high of $41.29. The stock has a 50-day simple moving average of $30.54 and a 200-day simple moving average of $32.80.

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).