Goehring & Rozencwajg Associates LLC acquired a new stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 512,344 shares of the oil and gas producer's stock, valued at approximately $15,193,000. Canadian Natural Resources makes up about 3.1% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 9th largest position.
A number of other hedge funds have also made changes to their positions in CNQ. Moloney Securities Asset Management LLC lifted its stake in Canadian Natural Resources by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer's stock valued at $242,000 after purchasing an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake in shares of Canadian Natural Resources by 4.1% in 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 in the last quarter. Kingsview Wealth Management LLC grew its position in Canadian Natural Resources by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer's stock worth $300,000 after acquiring an additional 419 shares in the last quarter. Fifth Third Bancorp increased 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, Pitcairn Co. raised its holdings in shares of Canadian Natural Resources by 1.3% during the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer's stock valued at $1,209,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company's stock.
Canadian Natural Resources Stock Down 2.9 %
NYSE CNQ traded down $0.90 during trading on Wednesday, hitting $30.02. 3,959,092 shares of the company traded hands, compared to its average volume of 6,236,971. 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 has a market capitalization of $63.14 billion, a P/E ratio of 11.66 and a beta of 1.45. The business has a fifty day simple moving average of $31.20 and a 200 day simple moving average of $33.43. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29.
About Canadian Natural Resources
(
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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