15,970 Shares in Canadian Natural Resources Limited $CNQ Acquired by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. purchased a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the third quarter, Holdings Channel.com reports. The fund purchased 15,970 shares of the oil and gas producer’s stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNQ. Addison Advisors LLC raised its holdings in shares of 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 buying an additional 677 shares during the last quarter. St. Johns Investment Management Company LLC bought a new position in shares of Canadian Natural Resources in the third quarter worth about $32,000. Nisa Investment Advisors LLC lifted its position in shares of Canadian Natural Resources by 100.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 500 shares in 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, Smartleaf Asset Management LLC grew its stake in shares of Canadian Natural Resources by 3,182.7% during 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 last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several research reports. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Evercore lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. The Goldman Sachs Group set a $35.00 price objective on Canadian Natural Resources and gave the stock a “buy” rating in a report on Friday, January 2nd. 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 research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus price target of $48.50.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $43.73 on Friday. The firm has a market capitalization of $91.04 billion, a P/E ratio of 19.35 and a beta of 0.68. The business has a 50-day moving average of $36.64 and a 200-day moving average of $33.57. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $44.04.

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.