Baskin Financial Services Inc. Increases Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Baskin Financial Services Inc. increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 996,151 shares of the oil and gas producer's stock after purchasing an additional 10,871 shares during the quarter. Canadian Natural Resources accounts for 2.4% of Baskin Financial Services Inc.'s investment portfolio, making the stock its 21st biggest position. Baskin Financial Services Inc.'s holdings in Canadian Natural Resources were worth $30,736,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of Canadian Natural Resources by 119.1% in the second quarter. Sei Investments Co. now owns 29,774 shares of the oil and gas producer's stock worth $1,060,000 after purchasing an additional 16,182 shares during the last quarter. AQR Capital Management LLC bought a new stake in Canadian Natural Resources in the 2nd quarter worth $276,000. Creative Planning increased its position in shares of Canadian Natural Resources by 104.8% in the second quarter. Creative Planning now owns 79,497 shares of the oil and gas producer's stock valued at $2,830,000 after acquiring an additional 40,672 shares during the period. NewEdge Advisors LLC raised its stake in shares of Canadian Natural Resources by 311.5% during the second quarter. NewEdge Advisors LLC now owns 34,699 shares of the oil and gas producer's stock valued at $1,235,000 after acquiring an additional 26,266 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Canadian Natural Resources by 79.8% during the second quarter. Truist Financial Corp now owns 55,900 shares of the oil and gas producer's stock worth $1,990,000 after purchasing an additional 24,806 shares during the period. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Trading Down 1.2 %

Shares of NYSE CNQ traded down $0.37 during trading hours on Thursday, hitting $30.71. The company's stock had a trading volume of 3,777,826 shares, compared to its average volume of 6,461,610. The business has a 50-day simple moving average of $31.45 and a 200-day simple moving average of $33.55. The stock has a market cap of $64.58 billion, a price-to-earnings ratio of 11.92 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29.

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).