Leuthold Group LLC Reduces Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Leuthold Group LLC lowered its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,968 shares of the oil and gas producer’s stock after selling 615 shares during the quarter. Leuthold Group LLC’s holdings in Canadian Natural Resources were worth $771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Assenagon Asset Management S.A. lifted its stake in shares of Canadian Natural Resources by 6,902.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after purchasing an additional 3,600,686 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Natural Resources by 73.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after purchasing an additional 3,312,442 shares during the period. National Bank of Canada FI lifted its stake in shares of Canadian Natural Resources by 63.5% in the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after purchasing an additional 3,198,007 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after purchasing an additional 1,651,452 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after purchasing an additional 1,383,478 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 2.5 %

CNQ stock opened at $29.98 on Friday. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $63.01 billion, a PE ratio of 11.64 and a beta of 1.45. The business has a 50 day moving average of $30.87 and a 200 day moving average of $33.22.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.00.

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).