Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ was downgraded by stock analysts at Tudor Pickering from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, February 10th,Zacks.com reports.
Canadian Natural Resources Trading Down 1.0 %
NYSE:CNQ traded down $0.31 on Monday, hitting $30.10. 3,389,614 shares of the stock were exchanged, compared to its average volume of 6,494,203. The stock has a fifty day moving average of $31.04 and a 200-day moving average of $33.33. The stock has a market cap of $63.26 billion, a PE ratio of 11.69 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. Canadian Natural Resources has a fifty-two week low of $28.65 and a fifty-two week high of $41.29.
Institutional Investors Weigh In On Canadian Natural Resources
Several large investors have recently made changes to their positions in CNQ. Moloney Securities Asset Management LLC boosted its position 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 worth $242,000 after purchasing an additional 376 shares during the period. Measured Wealth Private Client Group LLC grew its stake in shares of Canadian Natural Resources by 4.1% in the third 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 in the last quarter. Kingsview Wealth Management LLC raised 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 lifted its position in 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 acquiring an additional 429 shares in the last quarter. Finally, Assetmark Inc. grew its position in Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 439 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.
About Canadian Natural Resources
(
Get 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).
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