Signition LP Takes $613,000 Position in Canadian Natural Resources Ltd (CNQ)

Signition LP bought a new position in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,400 shares of the oil and gas producer’s stock, valued at approximately $613,000.

Several other institutional investors have also bought and sold shares of the business. Capital World Investors boosted its stake in shares of Canadian Natural Resources by 152.8% in the 3rd quarter. Capital World Investors now owns 37,457,594 shares of the oil and gas producer’s stock worth $1,223,704,000 after buying an additional 22,638,074 shares during the last quarter. Capital International Investors boosted its stake in shares of Canadian Natural Resources by 201.3% in the 3rd quarter. Capital International Investors now owns 10,484,015 shares of the oil and gas producer’s stock worth $342,506,000 after buying an additional 7,003,917 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian Natural Resources by 30.9% in the 3rd quarter. Mackenzie Financial Corp now owns 20,472,453 shares of the oil and gas producer’s stock worth $668,630,000 after buying an additional 4,838,504 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Canadian Natural Resources by 78.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,388,465 shares of the oil and gas producer’s stock worth $241,224,000 after buying an additional 3,246,524 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Canadian Natural Resources by 27.7% in the 3rd quarter. Toronto Dominion Bank now owns 6,718,188 shares of the oil and gas producer’s stock worth $219,465,000 after buying an additional 1,456,032 shares during the last quarter. 66.38% of the stock is owned by institutional investors and hedge funds.

CNQ stock opened at $26.74 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. The firm has a market cap of $32.55 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 4.58 and a beta of 1.21. Canadian Natural Resources Ltd has a fifty-two week low of $21.85 and a fifty-two week high of $38.20.

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, November 2nd. Zacks Investment Research cut Canadian Natural Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. GMP Securities reissued a “buy” rating on shares of Canadian Natural Resources in a report on Monday, December 10th. Morgan Stanley reissued a “buy” rating on shares of Canadian Natural Resources in a report on Tuesday, January 29th. Finally, Raymond James reissued a “buy” rating on shares of Canadian Natural Resources in a report on Friday, November 2nd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Canadian Natural Resources currently has a consensus rating of “Buy” and a consensus price target of $43.86.

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Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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