Canadian Natural Resources Limited $CNQ Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 34.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,734 shares of the oil and gas producer’s stock after selling 229,671 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Canadian Natural Resources were worth $13,961,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNQ. Addison Advisors LLC boosted its holdings in Canadian Natural Resources by 309.1% in the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 677 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its position in shares of Canadian Natural Resources by 100.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Canadian Natural Resources by 47.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 528 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Canadian Natural Resources by 3,182.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 1,655 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $42.39 on Friday. The company has a market cap of $88.25 billion, a PE ratio of 18.76 and a beta of 0.68. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $43.15. The firm has a 50-day simple moving average of $35.53 and a 200 day simple moving average of $33.14. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

About Canadian Natural Resources

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.