Canadian Natural Resources Limited $CNQ Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,456,929 shares of the oil and gas producer’s stock after selling 94,143 shares during the period. Canadian Natural Resources accounts for about 3.1% of Mufg Securities Canada LTD.’s holdings, making the stock its 12th biggest position. Mufg Securities Canada LTD.’s holdings in Canadian Natural Resources were worth $110,523,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CNQ. Addison Advisors LLC boosted its holdings in shares of Canadian Natural Resources by 309.1% during the second quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 677 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new position in Canadian Natural Resources during the third quarter worth about $32,000. Nisa Investment Advisors LLC boosted its stake in 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 worth $32,000 after buying an additional 500 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in 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 buying an additional 528 shares during the period. Finally, Smartleaf Asset Management LLC increased 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 acquiring an additional 1,655 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

CNQ opened at $43.73 on Friday. Canadian Natural Resources Limited has a 52-week low of $24.65 and a 52-week high of $44.04. The company has a 50 day moving average of $36.64 and a two-hundred day moving average of $33.59. The company has a market cap of $91.04 billion, a P/E ratio of 19.35 and a beta of 0.68. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Company 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.