Citigroup Inc. Has $50.17 Million Position in Canadian Natural Resources Limited $CNQ

Citigroup Inc. grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 65.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,568,652 shares of the oil and gas producer’s stock after buying an additional 619,008 shares during the quarter. Citigroup Inc.’s holdings in Canadian Natural Resources were worth $50,169,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its holdings in Canadian Natural Resources by 85.5% during the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock worth $557,000 after acquiring an additional 8,336 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 purchasing an additional 13,996 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Canadian Natural Resources by 4.3% during the first quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock valued at $2,445,000 after purchasing an additional 3,266 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Canadian Natural Resources by 47.3% during the first 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 during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Canadian Natural Resources by 3.8% in the second quarter. D.A. Davidson & CO. now owns 16,365 shares of the oil and gas producer’s stock valued at $514,000 after purchasing an additional 606 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CNQ. Desjardins downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Evercore lowered 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 objective on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Friday, January 2nd. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and a consensus price target of $48.50.

Canadian Natural Resources Trading Down 0.2%

NYSE CNQ opened at $42.33 on Tuesday. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $43.15. The stock has a 50-day simple moving average of $35.73 and a 200 day simple moving average of $33.25. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $88.11 billion, a PE ratio of 18.73 and a beta of 0.68.

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.