Factory Mutual Insurance Co. Grows Position in Canadian Natural Resources Limited (NYSE:CNQ)

Factory Mutual Insurance Co. increased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 649,200 shares of the oil and gas producer's stock after acquiring an additional 72,200 shares during the period. Factory Mutual Insurance Co.'s holdings in Canadian Natural Resources were worth $20,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC grew its holdings 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 valued at $28,000 after purchasing an additional 490 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Canadian Natural Resources in the 4th quarter worth about $32,000. Coastline Trust Co purchased a new position in Canadian Natural Resources during the 3rd quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the third quarter worth about $37,000. Finally, Fifth Third Bancorp lifted its holdings 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. Institutional investors and hedge funds own 74.03% of the company's stock.

Analyst Ratings Changes

Separately, Desjardins raised shares of 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, Canadian Natural Resources currently has an average rating of "Hold".

Canadian Natural Resources Price Performance

Canadian Natural Resources stock traded up $0.98 during midday trading on Tuesday, reaching $31.00. 4,919,633 shares of the company were exchanged, compared to its average volume of 6,627,823. The firm's 50-day simple moving average is $31.54 and its 200-day simple moving average is $33.59. Canadian Natural Resources Limited has a 1 year low of $28.65 and a 1 year high of $41.29. The company has a market capitalization of $65.19 billion, a price-to-earnings ratio of 12.03 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 Profile

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).