Canadian Natural Resources Limited (NYSE:CNQ) Short Interest Update

Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ saw a large decline in short interest in January. As of January 31st, there was short interest totalling 9,500,000 shares, a decline of 30.2% from the January 15th total of 13,610,000 shares. Based on an average daily volume of 5,060,000 shares, the short-interest ratio is presently 1.9 days. Approximately 0.5% of the shares of the stock are short sold.

Canadian Natural Resources Trading Up 1.4 %

Shares of NYSE CNQ traded up $0.44 during trading hours on Tuesday, hitting $30.56. 2,341,595 shares of the company traded hands, compared to its average volume of 5,922,872. The stock has a market capitalization of $64.26 billion, a price-to-earnings ratio of 11.87 and a beta of 1.45. 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 company's 50 day moving average price is $30.99 and its 200 day moving average price is $33.30. Canadian Natural Resources has a 12 month low of $28.65 and a 12 month high of $41.29.

Institutional Investors Weigh In On Canadian Natural Resources

Hedge funds have recently made changes to their positions in the company. Moloney Securities Asset Management LLC lifted its stake in shares of 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 worth $242,000 after purchasing an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC lifted its stake in shares of 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 worth $337,000 after purchasing an additional 404 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake 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 worth $300,000 after purchasing an additional 419 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 429 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Canadian Natural Resources by 57.3% during the 4th quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 439 shares during the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

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).