Canadian Natural Resources Limited $CNQ Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 14.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,625 shares of the oil and gas producer’s stock after acquiring an additional 22,678 shares during the period. Cumberland Partners Ltd’s holdings in Canadian Natural Resources were worth $5,614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new position in shares of Canadian Natural Resources during the second quarter valued at approximately $162,575,000. Vanguard Group Inc. increased its holdings in Canadian Natural Resources by 3.4% in the second quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock valued at $2,852,024,000 after buying an additional 3,003,542 shares during the last quarter. Geode Capital Management LLC lifted its position in Canadian Natural Resources by 19.8% in the second quarter. Geode Capital Management LLC now owns 17,146,792 shares of the oil and gas producer’s stock valued at $548,214,000 after acquiring an additional 2,832,155 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Canadian Natural Resources by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,359,777 shares of the oil and gas producer’s stock valued at $855,414,000 after purchasing an additional 2,546,233 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Canadian Natural Resources by 4.5% during the second quarter. Fisher Asset Management LLC now owns 47,939,585 shares of the oil and gas producer’s stock worth $1,505,303,000 after purchasing an additional 2,051,714 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $41.73 on Thursday. The stock has a market capitalization of $86.87 billion, a PE ratio of 18.46 and a beta of 0.68. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.53 and a current ratio of 0.86. The stock’s fifty day moving average is $35.15 and its 200-day moving average is $33.00. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $41.87.

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.