Goehring & Rozencwajg Associates LLC Takes Position in Canadian Natural Resources Limited (NYSE:CNQ)

Goehring & Rozencwajg Associates LLC acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 512,344 shares of the oil and gas producer’s stock, valued at approximately $15,193,000. Canadian Natural Resources comprises approximately 3.1% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 9th biggest position.

A number of other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its stake in shares of Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Canadian Natural Resources by 5.1% during the third 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 acquiring an additional 1,383,478 shares in the last quarter. Geode Capital Management LLC lifted its stake in Canadian Natural Resources by 8.1% in the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock valued at $328,807,000 after acquiring an additional 727,798 shares during the last quarter. National Bank of Canada FI grew its position in Canadian Natural Resources by 63.5% in the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after acquiring an additional 3,198,007 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Canadian Natural Resources by 73.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock worth $260,116,000 after purchasing an additional 3,312,442 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 1.0 %

CNQ stock opened at $30.38 on Friday. The firm has a market cap of $63.89 billion, a PE ratio of 11.80 and a beta of 1.45. Canadian Natural Resources Limited has a 1 year low of $28.65 and a 1 year high of $41.29. The company has a fifty day simple moving average of $31.39 and a 200 day simple moving average of $33.53. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

About Canadian Natural Resources

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).