Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 176,843 shares of the oil and gas producer’s stock after selling 8,067 shares during the quarter. Sanctuary Advisors LLC’s holdings in Canadian Natural Resources were worth $5,473,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its stake in 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 buying an additional 1,651,452 shares during the period. The Manufacturers Life Insurance Company increased its stake in 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 buying an additional 1,383,478 shares during the period. Geode Capital Management LLC grew its stake in shares of Canadian Natural Resources by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock worth $328,807,000 after purchasing an additional 727,798 shares during the period. National Bank of Canada FI grew its stake in shares of Canadian Natural Resources by 63.5% during the 3rd 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 purchasing an additional 3,198,007 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew 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 period. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $30.69 on Friday. Canadian Natural Resources Limited has a 52 week low of $28.65 and a 52 week 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’s 50-day simple moving average is $30.90 and its 200 day simple moving average is $33.24. The firm has a market capitalization of $64.52 billion, a PE ratio of 11.92 and a beta of 1.45.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CNQ shares. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus price target of $62.00.

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).