Mission Wealth Management LP Lowers Position in Canadian Natural Resources Limited (NYSE:CNQ)

Mission Wealth Management LP cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,724 shares of the oil and gas producer’s stock after selling 720 shares during the period. Mission Wealth Management LP’s holdings in Canadian Natural Resources were worth $300,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. bought a new stake in Canadian Natural Resources during the fourth quarter valued at about $25,000. 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 valued at $28,000 after acquiring an additional 490 shares during the period. Coastline Trust Co bought a new stake in Canadian Natural Resources during the third quarter valued at about $33,000. R Squared Ltd bought a new stake in Canadian Natural Resources during the fourth quarter valued at about $32,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Canadian Natural Resources during the third quarter valued at about $37,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Up 2.0 %

Shares of CNQ stock opened at $27.46 on Thursday. Canadian Natural Resources Limited has a 12-month low of $25.62 and a 12-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 stock’s 50-day moving average price is $30.54 and its 200-day moving average price is $32.80. The stock has a market capitalization of $57.72 billion, a price-to-earnings ratio of 10.66 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of research firms have commented on CNQ. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday, February 18th. 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 and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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).