Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,033 shares of the oil and gas producer’s stock after acquiring an additional 2,014 shares during the quarter. Blue Trust Inc.’s holdings in Canadian Natural Resources were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNQ. Continuum Advisory LLC raised its holdings in Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares in the last quarter. Coastline Trust Co purchased a new stake in Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the 3rd quarter worth approximately $37,000. Fifth Third Bancorp raised its stake in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 429 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $46,000. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold”.

Canadian Natural Resources Trading Down 1.0 %

Shares of CNQ opened at $30.05 on Tuesday. The firm’s 50-day moving average is $31.62 and its two-hundred day moving average is $33.63. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month 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. The firm has a market capitalization of $63.19 billion, a P/E ratio of 11.67 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).