Cumberland Partners Ltd Lowers Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Cumberland Partners Ltd reduced its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,653 shares of the oil and gas producer's stock after selling 9,641 shares during the period. Cumberland Partners Ltd's holdings in Canadian Natural Resources were worth $4,829,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Creative Planning grew its position in Canadian Natural Resources by 15.8% during the third quarter. Creative Planning now owns 92,067 shares of the oil and gas producer's stock worth $3,058,000 after buying an additional 12,570 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Canadian Natural Resources by 72.1% during the third quarter. Blue Trust Inc. now owns 5,019 shares of the oil and gas producer's stock worth $179,000 after purchasing an additional 2,103 shares in the last quarter. Whittier Trust Co. increased its position in shares of Canadian Natural Resources by 7.5% in the third quarter. Whittier Trust Co. now owns 25,736 shares of the oil and gas producer's stock worth $854,000 after purchasing an additional 1,799 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Canadian Natural Resources by 9.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 10,193 shares of the oil and gas producer's stock valued at $338,000 after purchasing an additional 871 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Canadian Natural Resources by 100.6% during the third quarter. Sequoia Financial Advisors LLC now owns 46,139 shares of the oil and gas producer's stock valued at $1,533,000 after purchasing an additional 23,140 shares during the last quarter. Institutional investors own 74.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of "Hold" and an average target price of $62.00.

Canadian Natural Resources Trading Down 2.4 %

Shares of NYSE:CNQ traded down $0.73 on Friday, hitting $30.01. The company had a trading volume of 4,016,194 shares, compared to its average volume of 6,199,471. Canadian Natural Resources Limited has a 1 year low of $28.65 and a 1 year high of $41.29. The firm has a market capitalization of $63.07 billion, a price-to-earnings ratio of 11.67 and a beta of 1.45. The firm's 50-day simple moving average is $30.90 and its two-hundred day simple moving average is $33.24. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

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).