Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,468,492 shares of the oil and gas producer's stock after acquiring an additional 282,696 shares during the quarter. Principal Financial Group Inc. owned about 0.21% of Canadian Natural Resources worth $137,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNQ. Assenagon Asset Management S.A. lifted its position in shares of 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 valued at $112,763,000 after acquiring an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Canadian Natural Resources by 73.3% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer's stock valued at $260,116,000 after purchasing an additional 3,312,442 shares during the period. National Bank of Canada FI lifted its holdings in Canadian Natural Resources by 63.5% in 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 purchasing an additional 3,198,007 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer's stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Canadian Natural Resources by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer's stock valued at $945,965,000 after buying an additional 1,383,478 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Trading Down 2.5 %

Shares of NYSE CNQ traded down $0.76 during trading on Friday, hitting $29.98. 8,301,541 shares of the company were exchanged, compared to its average volume of 6,336,230. Canadian Natural Resources Limited has a 12-month low of $28.65 and a 12-month high of $41.29. The firm has a market capitalization of $63.01 billion, a PE ratio of 11.64 and a beta of 1.45. The company has a fifty day moving average price of $30.90 and a 200-day moving average price of $33.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Tudor Pickering downgraded 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 set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Hold" and a consensus price target of $62.00.

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).