Canadian Natural Resources Limited $CNQ Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. lowered its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 17.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,950 shares of the oil and gas producer’s stock after selling 18,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Canadian Natural Resources were worth $2,811,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Canadian Natural Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock worth $2,852,024,000 after buying an additional 3,003,542 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Canadian Natural Resources by 2.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,616,219 shares of the oil and gas producer’s stock worth $51,654,000 after acquiring an additional 43,356 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Canadian Natural Resources by 2.0% in the third quarter. Principal Financial Group Inc. now owns 1,716,038 shares of the oil and gas producer’s stock worth $54,883,000 after acquiring an additional 33,609 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Canadian Natural Resources by 9.9% in the second quarter. PNC Financial Services Group Inc. now owns 89,973 shares of the oil and gas producer’s stock valued at $2,825,000 after purchasing an additional 8,078 shares during the period. Finally, Intact Investment Management Inc. raised its stake in Canadian Natural Resources by 9.1% during the third quarter. Intact Investment Management Inc. now owns 1,718,220 shares of the oil and gas producer’s stock worth $54,946,000 after purchasing an additional 143,550 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.3%

Shares of NYSE CNQ opened at $42.39 on Friday. The stock has a fifty day moving average price of $35.53 and a 200 day moving average price of $33.16. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $43.15. The company has a market cap of $88.25 billion, a P/E ratio of 18.76 and a beta of 0.68.

Analysts Set New Price Targets

Several analysts have recently issued reports on CNQ shares. Desjardins cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group set a $35.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a research report on Friday, January 2nd. Evercore lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Zacks Research lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.50.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.