Canadian Natural Resources Limited $CNQ Position Lessened by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 45.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 757,028 shares of the oil and gas producer’s stock after selling 640,542 shares during the quarter. Canadian Natural Resources makes up approximately 0.4% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 25th largest position. Waratah Capital Advisors Ltd.’s holdings in Canadian Natural Resources were worth $24,195,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. 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 valued at $28,000 after acquiring an additional 677 shares during the period. St. Johns Investment Management Company LLC acquired a new position in Canadian Natural Resources during the 3rd quarter valued at about $32,000. Nisa Investment Advisors LLC boosted its stake in Canadian Natural Resources by 100.0% during 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 during the period. Geneos Wealth Management Inc. grew its position 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 worth $51,000 after purchasing an additional 528 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Canadian Natural Resources by 3,182.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 1,655 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

NYSE CNQ opened at $42.58 on Wednesday. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $43.15. The business’s fifty day moving average is $35.95 and its two-hundred day moving average is $33.34. The stock has a market capitalization of $88.63 billion, a P/E ratio of 18.84 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.

Analysts Set New Price Targets

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

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.