Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. boosted its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 595.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,987 shares of the oil and gas producer’s stock after purchasing an additional 5,982 shares during the quarter. Principal Securities Inc.’s holdings in Canadian Natural Resources were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CNQ. Continuum Advisory LLC raised its stake in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the last quarter. R Squared Ltd acquired a new position in Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co acquired a new position in Canadian Natural Resources in the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Down 2.5 %

NYSE CNQ opened at $29.98 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29. The company has a market cap of $63.01 billion, a P/E ratio of 11.64 and a beta of 1.45. The company has a 50-day moving average of $30.87 and a 200-day moving average of $33.22.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CNQ shares. Tudor Pickering downgraded 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 objective on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average 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).