Souders Financial Advisors Sells 31,382 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Souders Financial Advisors decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 31.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 69,218 shares of the oil and gas producer’s stock after selling 31,382 shares during the period. Souders Financial Advisors’ holdings in Canadian Natural Resources were worth $2,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moloney Securities Asset Management LLC boosted its holdings in Canadian Natural Resources by 5.4% in 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 purchasing an additional 376 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Canadian Natural Resources by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after acquiring an additional 419 shares during the period. Fifth Third Bancorp increased its position in Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. Pitcairn Co. increased its position in Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after acquiring an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in Canadian Natural Resources by 144.1% in 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 during the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 0.9 %

CNQ opened at $26.95 on Wednesday. Canadian Natural Resources Limited has a fifty-two week low of $25.62 and a fifty-two week high of $41.29. 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 stock has a market cap of $56.65 billion, a price-to-earnings ratio of 10.47 and a beta of 1.45. The firm’s fifty day moving average is $30.60 and its 200 day moving average is $32.84.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNQ. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and an average 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).