Private Advisor Group LLC Has $501,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Private Advisor Group LLC cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,226 shares of the oil and gas producer’s stock after selling 1,316 shares during the period. Private Advisor Group LLC’s holdings in Canadian Natural Resources were worth $501,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Global Retirement Partners LLC grew its stake in shares of Canadian Natural Resources by 4.5% during the fourth quarter. Global Retirement Partners LLC now owns 11,993 shares of the oil and gas producer’s stock worth $370,000 after purchasing an additional 514 shares during the period. Hara Capital LLC grew its stake in shares of Canadian Natural Resources by 49.6% during the fourth quarter. Hara Capital LLC now owns 22,934 shares of the oil and gas producer’s stock worth $708,000 after purchasing an additional 7,604 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $214,000. Mraz Amerine & Associates Inc. grew its stake in Canadian Natural Resources by 3.8% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 181,893 shares of the oil and gas producer’s stock valued at $5,615,000 after acquiring an additional 6,616 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Canadian Natural Resources by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock valued at $746,025,000 after acquiring an additional 1,270,945 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Stock Down 5.6 %

NYSE:CNQ opened at $26.70 on Tuesday. The stock has a market cap of $56.12 billion, a price-to-earnings ratio of 10.37 and a beta of 1.45. The stock has a 50-day moving average price of $30.66 and a two-hundred day moving average price of $32.91. Canadian Natural Resources Limited has a 1 year low of $26.33 and a 1 year high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

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).