Canadian Natural Resources Limited (NYSE:CNQ) Short Interest Down 93.0% in January

Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 7,620,000 shares, a drop of 93.0% from the December 31st total of 109,510,000 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,180,000 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Canadian Natural Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of CNQ. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Canadian Natural Resources by 123.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer's stock valued at $317,766,000 after acquiring an additional 4,920,000 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Canadian Natural Resources by 6,902.0% during 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 purchasing an additional 3,600,686 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Canadian Natural Resources by 73.3% during 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 purchasing an additional 3,312,442 shares during the period. National Bank of Canada FI increased its stake in 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 purchasing an additional 3,198,007 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in 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 worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the period. 74.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Canadian Natural Resources Trading Down 1.8 %

Shares of CNQ traded down $0.56 during trading hours on Friday, hitting $30.39. 7,446,055 shares of the stock traded hands, compared to its average volume of 6,443,518. The business has a fifty day moving average of $31.71 and a 200-day moving average of $33.71. The firm has a market capitalization of $63.91 billion, a PE ratio of 11.88 and a beta of 1.46. Canadian Natural Resources has a 1-year low of $29.23 and a 1-year 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 (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the company posted $0.96 EPS. Analysts expect that Canadian Natural Resources will post 2.44 EPS for the current year.

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).