Yousif Capital Management LLC Purchases 9,745 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Yousif Capital Management LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 56.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,065 shares of the oil and gas producer’s stock after acquiring an additional 9,745 shares during the quarter. Yousif Capital Management LLC’s holdings in Canadian Natural Resources were worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CNQ. Continuum Advisory LLC boosted its stake in Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 490 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at about $33,000. R Squared Ltd purchased a new stake in Canadian Natural Resources during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in Canadian Natural Resources in the third quarter worth about $37,000. Finally, Fifth Third Bancorp increased its holdings in 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 valued at $39,000 after buying an additional 429 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

CNQ stock opened at $30.10 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 52 week low of $28.65 and a 52 week high of $41.29. The company has a fifty day simple moving average of $31.04 and a two-hundred day simple moving average of $33.35. The firm has a market capitalization of $63.30 billion, a P/E ratio of 11.69 and a beta of 1.45.

Analysts Set New Price Targets

Separately, 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Canadian Natural Resources 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).