Wealthstar Advisors LLC Buys Shares of 18,355 Canadian Natural Resources Limited (NYSE:CNQ)

Wealthstar Advisors LLC acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,355 shares of the oil and gas producer's stock, valued at approximately $567,000.

A number of other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC raised its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 490 shares during the period. R Squared Ltd bought a new stake in Canadian Natural Resources in the fourth quarter worth about $32,000. Coastline Trust Co purchased a new position in Canadian Natural Resources in the third quarter valued at about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Canadian Natural Resources during the 4th quarter worth approximately $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources in the 3rd quarter worth approximately $37,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded up $0.29 during trading on Tuesday, hitting $31.00. The stock had a trading volume of 1,874,446 shares, compared to its average volume of 6,228,000. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $31.27 and its two-hundred day moving average is $33.45. Canadian Natural Resources Limited has a 1 year low of $28.65 and a 1 year high of $41.29. The stock has a market cap of $65.19 billion, a price-to-earnings ratio of 12.04 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).