Sumitomo Mitsui Trust Group Inc. Reduces Position in Canadian Natural Resources Limited (NYSE:CNQ)

Sumitomo Mitsui Trust Group Inc. decreased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 13.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,171 shares of the oil and gas producer’s stock after selling 8,264 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Canadian Natural Resources were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CNQ. Assenagon Asset Management S.A. increased its position in Canadian Natural Resources by 6,902.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock worth $112,763,000 after buying an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Canadian Natural Resources by 73.3% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock worth $260,116,000 after buying an additional 3,312,442 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Canadian Natural Resources by 63.5% during the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after purchasing an additional 3,198,007 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Canadian Natural Resources by 3.9% during the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after purchasing an additional 1,383,478 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

Separately, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Canadian Natural Resources Price Performance

CNQ stock opened at $30.10 on Friday. Canadian Natural Resources Limited has a 52-week low of $28.65 and a 52-week high of $41.29. The stock’s fifty day simple moving average is $31.08 and its 200-day simple moving average is $33.38. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $63.30 billion, a price-to-earnings ratio of 11.69 and a beta of 1.45.

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).