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

Principal Securities Inc. grew its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 595.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Moloney Securities Asset Management LLC raised its holdings in Canadian Natural Resources by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares in the last quarter. Measured Wealth Private Client Group LLC grew its position in shares of Canadian Natural Resources by 4.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after acquiring an additional 404 shares during the last quarter. Kingsview Wealth Management LLC grew its position in shares of Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after acquiring an additional 419 shares during the last quarter. Fifth Third Bancorp grew its position in shares of 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 worth $39,000 after acquiring an additional 429 shares during the last quarter. Finally, Pitcairn Co. grew its position in shares of Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after acquiring an additional 475 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $29.98 on Monday. The firm’s fifty day moving average price is $30.87 and its 200 day moving average price is $33.22. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a market cap of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus target price 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).