Moloney Securities Asset Management LLC raised its position in Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 14.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,332 shares of the oil and gas producer’s stock after buying an additional 1,030 shares during the period. Moloney Securities Asset Management LLC’s holdings in Canadian Natural Resources were worth $257,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC boosted its holdings in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. R Squared Ltd bought a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $37,000. Finally, Fifth Third Bancorp raised its stake in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 429 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.
Canadian Natural Resources Price Performance
Shares of CNQ stock opened at $30.65 on Tuesday. The firm’s 50 day moving average price is $31.32 and its two-hundred day moving average price is $33.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a 52-week low of $28.65 and a 52-week high of $41.29. The stock has a market cap of $64.47 billion, a PE ratio of 11.90 and a beta of 1.45.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
Further Reading
- Five stocks we like better than Canadian Natural Resources
- Health Care Stocks Explained: Why You Might Want to Invest
- Merck: 4 No-Brainer Reasons to Buy This Dip
- Why Invest in 5G? How to Invest in 5G Stocks
- Ackman Announces Major Stake in Uber: Should You Follow His Lead?
- What Are Dividend Challengers?
- Wells Fargo Upgraded These 3 Stocks—Here’s Why They Stand Out
Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ).
Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.