Mediolanum International Funds Ltd Buys 68,218 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Mediolanum International Funds Ltd grew its stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 85.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,686 shares of the oil and gas producer's stock after buying an additional 68,218 shares during the period. Mediolanum International Funds Ltd's holdings in Canadian Natural Resources were worth $4,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position 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 worth $28,000 after buying an additional 490 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources in the third quarter worth about $33,000. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources in the fourth quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the third quarter worth about $37,000. Finally, Fifth Third Bancorp lifted 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 worth $39,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ traded up $0.13 during trading hours on Wednesday, hitting $31.12. 3,677,326 shares of the company's stock were exchanged, compared to its average volume of 6,578,417. The company's 50-day moving average price is $31.50 and its 200-day moving average price is $33.56. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $65.44 billion, a price-to-earnings ratio of 12.08 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.

Wall Street Analyst Weigh In

Separately, Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

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).