Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. trimmed its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,652 shares of the oil and gas producer’s stock after selling 40,071 shares during the period. Canadian Natural Resources comprises about 1.3% of Louisbourg Investments Inc.’s holdings, making the stock its 24th biggest holding. Louisbourg Investments Inc.’s holdings in Canadian Natural Resources were worth $5,420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CNQ. Moloney Securities Asset Management LLC raised its holdings in shares of 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 acquiring an additional 376 shares in the last quarter. Measured Wealth Private Client Group LLC increased its position in Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 404 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after purchasing an additional 419 shares in the last quarter. Fifth Third Bancorp lifted its holdings 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 valued at $39,000 after buying an additional 429 shares during the last quarter. Finally, Pitcairn Co. grew its stake in shares of Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after buying an additional 475 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $30.93 on Wednesday. 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 has a market cap of $65.04 billion, a PE ratio of 12.01 and a beta of 1.45. The firm’s 50 day moving average price is $31.20 and its 200 day moving average price is $33.43. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month high of $41.29.

Canadian Natural Resources 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).