Goehring & Rozencwajg Associates LLC Acquires 443,339 Shares of Canadian Natural Resources Limited $CNQ

Goehring & Rozencwajg Associates LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 78.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,004,981 shares of the oil and gas producer’s stock after acquiring an additional 443,339 shares during the quarter. Canadian Natural Resources comprises 3.9% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 10th largest position. Goehring & Rozencwajg Associates LLC’s holdings in Canadian Natural Resources were worth $32,178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in shares of Canadian Natural Resources by 85.5% during the first quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock worth $557,000 after purchasing an additional 8,336 shares during the period. Jones Financial Companies Lllp boosted its holdings in Canadian Natural Resources by 92.7% during the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after buying an additional 13,996 shares during the last quarter. Empowered Funds LLC grew its position in shares of Canadian Natural Resources by 4.3% during the 1st quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock worth $2,445,000 after buying an additional 3,266 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares during the period. Finally, Yousif Capital Management LLC increased its stake in shares of Canadian Natural Resources by 8.5% in the 2nd quarter. Yousif Capital Management LLC now owns 26,180 shares of the oil and gas producer’s stock valued at $822,000 after acquiring an additional 2,055 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CNQ. Evercore lowered shares of Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. 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 report on Friday, January 2nd. Wall Street Zen raised shares of Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Desjardins downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Hold” and an average target price of $48.50.

Canadian Natural Resources Stock Up 2.0%

Shares of CNQ stock opened at $42.51 on Friday. The firm has a fifty day moving average of $35.34 and a 200-day moving average of $33.06. The company has a quick ratio of 0.53, a current ratio of 0.86 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 capitalization of $88.48 billion, a price-to-earnings ratio of 18.81 and a beta of 0.68.

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.