Louisbourg Investments Inc. Cuts Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Louisbourg Investments Inc. reduced its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,652 shares of the oil and gas producer's stock after selling 40,071 shares during the quarter. Canadian Natural Resources accounts for 1.3% of Louisbourg Investments Inc.'s portfolio, making the stock its 24th biggest holding. Louisbourg Investments Inc.'s holdings in Canadian Natural Resources were worth $5,420,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Moloney Securities Asset Management LLC lifted its stake in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer's stock valued at $242,000 after acquiring an additional 376 shares during the period. Measured Wealth Private Client Group LLC raised its stake in Canadian Natural Resources by 4.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer's stock valued at $337,000 after buying an additional 404 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer's stock valued at $300,000 after buying an additional 419 shares during the period. Fifth Third Bancorp grew 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 worth $39,000 after acquiring an additional 429 shares during the period. Finally, Pitcairn Co. increased its position in Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer's stock valued at $1,209,000 after acquiring an additional 475 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock traded down $0.90 during trading hours on Wednesday, reaching $30.02. 3,959,092 shares of the stock traded hands, compared to its average volume of 6,236,971. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29. The firm has a market capitalization of $63.14 billion, a price-to-earnings ratio of 11.66 and a beta of 1.45. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $31.20 and a 200 day moving average price of $33.43.

Canadian Natural Resources Company 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).