Heathbridge Capital Management Ltd. Trims Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Heathbridge Capital Management Ltd. reduced its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,750 shares of the oil and gas producer’s stock after selling 4,350 shares during the quarter. Canadian Natural Resources comprises approximately 3.8% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 17th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Canadian Natural Resources were worth $9,584,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Separately, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold”.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $30.10 on Friday. The firm has a market capitalization of $63.30 billion, a P/E ratio of 11.69 and a beta of 1.45. The stock has a fifty day moving average price of $31.04 and a 200 day moving average price of $33.35. Canadian Natural Resources Limited has a 52 week low of $28.65 and a 52 week 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).