39,228 Shares in Canadian Natural Resources Limited $CNQ Purchased by 111 Capital

111 Capital bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,228 shares of the oil and gas producer’s stock, valued at approximately $1,254,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tacita Capital Inc lifted its holdings in shares of Canadian Natural Resources by 6.1% in the third quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock worth $184,000 after buying an additional 330 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Canadian Natural Resources by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer’s stock worth $1,014,000 after acquiring an additional 387 shares during the period. Frank Rimerman Advisors LLC increased its holdings in Canadian Natural Resources by 2.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,886 shares of the oil and gas producer’s stock worth $572,000 after acquiring an additional 390 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Canadian Natural Resources by 9.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,939 shares of the oil and gas producer’s stock worth $158,000 after purchasing an additional 426 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in Canadian Natural Resources by 5.7% in the 2nd quarter. Kingsview Wealth Management LLC now owns 8,109 shares of the oil and gas producer’s stock valued at $255,000 after purchasing an additional 434 shares during the period. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $43.73 on Monday. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $44.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.53 and a current ratio of 0.86. The stock has a market cap of $91.17 billion, a P/E ratio of 19.35 and a beta of 0.62. The firm’s fifty day moving average price is $36.64 and its 200-day moving average price is $33.62.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of recent analyst reports. Evercore lowered shares of Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research report on Tuesday, January 6th. Desjardins lowered Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen upgraded Canadian Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. The Goldman Sachs Group set a $35.00 target price on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Friday, January 2nd. Finally, Zacks Research cut 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 stock. According to data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and an average target price of $48.50.

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.