Blue Trust Inc. Has $88,000 Position in Canadian Natural Resources Limited (NYSE:CNQ)

Blue Trust Inc. reduced its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,836 shares of the oil and gas producer’s stock after selling 2,183 shares during the period. Blue Trust Inc.’s holdings in Canadian Natural Resources were worth $88,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its stake in shares of 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 buying an additional 490 shares during the period. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $37,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CNQ shares. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $29.98 on Friday. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The stock has a market cap of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm’s 50-day simple moving average is $30.87 and its 200 day simple moving average is $33.22.

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).