Empowered Funds LLC increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,108 shares of the oil and gas producer's stock after acquiring an additional 13,277 shares during the quarter. Empowered Funds LLC's holdings in Canadian Natural Resources were worth $2,349,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC raised its stake in shares of 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 valued at $28,000 after buying an additional 490 shares during the period. Coastline Trust Co purchased a new position in shares of Canadian Natural Resources in the third quarter valued at $33,000. R Squared Ltd purchased a new position in shares of Canadian Natural Resources in the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Canadian Natural Resources in the third quarter valued at $37,000. Finally, Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% in the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after purchasing an additional 429 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.
Canadian Natural Resources Stock Performance
Shares of NYSE CNQ traded up $0.30 during mid-day trading on Tuesday, hitting $30.42. The company had a trading volume of 1,773,738 shares, compared to its average volume of 5,909,324. The company has a market capitalization of $63.98 billion, a price-to-earnings ratio of 11.81 and a beta of 1.45. Canadian Natural Resources Limited has a 1 year low of $28.65 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. The stock's 50-day moving average price is $30.99 and its 200-day moving average price is $33.30.
Wall Street Analysts Forecast Growth
Separately, Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on CNQ
Canadian Natural Resources Profile
(
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).
Recommended Stories
Before you consider Canadian Natural Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Natural Resources wasn't on the list.
While Canadian Natural Resources currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
