Golden State Wealth Management LLC Makes New $346,000 Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Golden State Wealth Management LLC purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,219 shares of the oil and gas producer's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also modified their holdings of CNQ. Assenagon Asset Management S.A. boosted its holdings in Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock worth $112,763,000 after purchasing an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Canadian Natural Resources by 73.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer's stock worth $260,116,000 after buying an additional 3,312,442 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Canadian Natural Resources by 63.5% during the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer's stock worth $273,417,000 after acquiring an additional 3,198,007 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock valued at $1,447,326,000 after acquiring an additional 1,651,452 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer's stock worth $945,965,000 after purchasing an additional 1,383,478 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

CNQ stock traded up $0.22 during midday trading on Tuesday, hitting $30.93. 4,296,469 shares of the company traded hands, compared to its average volume of 6,321,339. The business has a 50 day simple moving average of $31.27 and a 200-day simple moving average of $33.45. 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 Limited has a twelve month low of $28.65 and a twelve month high of $41.29. The stock has a market capitalization of $65.04 billion, a price-to-earnings ratio of 12.01 and a beta of 1.45.

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).