WCM Investment Management LLC reduced its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,342,053 shares of the oil and gas producer's stock after selling 63,798 shares during the quarter. WCM Investment Management LLC owned about 0.21% of Canadian Natural Resources worth $131,391,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Holocene Advisors LP purchased a new position in shares of Canadian Natural Resources during the third quarter valued at approximately $13,700,000. SG Americas Securities LLC boosted its holdings in Canadian Natural Resources by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after acquiring an additional 17,694 shares during the period. Canoe Financial LP grew its position in Canadian Natural Resources by 226.0% in the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after acquiring an additional 1,074,199 shares during the last quarter. Baskin Financial Services Inc. increased its stake in Canadian Natural Resources by 1.1% in the fourth quarter. Baskin Financial Services Inc. now owns 996,151 shares of the oil and gas producer's stock worth $30,736,000 after purchasing an additional 10,871 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer's stock worth $15,057,000 after purchasing an additional 240,354 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.
Canadian Natural Resources Trading Down 2.9 %
Shares of CNQ traded down $0.90 during trading hours on Wednesday, reaching $30.02. 3,959,092 shares of the company traded hands, compared to its average volume of 6,236,971. The firm has a market cap of $63.14 billion, a price-to-earnings ratio of 11.66 and a beta of 1.45. Canadian Natural Resources Limited has a 12-month low of $28.65 and a 12-month high of $41.29. The stock's fifty day moving average price is $31.20 and its 200 day moving average price is $33.43. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.
About Canadian Natural Resources
(
Free Report)
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).
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