Canadian Natural Resources Limited (NYSE:CNQ) is Yacktman Asset Management LP's Largest Position

Yacktman Asset Management LP trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,933,385 shares of the oil and gas producer's stock after selling 73,566 shares during the period. Canadian Natural Resources accounts for approximately 10.4% of Yacktman Asset Management LP's investment portfolio, making the stock its biggest holding. Yacktman Asset Management LP owned about 1.38% of Canadian Natural Resources worth $893,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Holocene Advisors LP purchased a new position in shares of Canadian Natural Resources during the 3rd quarter valued at about $13,700,000. SG Americas Securities LLC raised its position in Canadian Natural Resources by 6.3% during the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after acquiring an additional 17,694 shares in the last quarter. Canoe Financial LP lifted its holdings in Canadian Natural Resources by 226.0% in the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after acquiring an additional 1,074,199 shares during the period. Baskin Financial Services Inc. boosted its position in Canadian Natural Resources by 1.1% in the 4th quarter. Baskin Financial Services Inc. now owns 996,151 shares of the oil and gas producer's stock worth $30,736,000 after purchasing an additional 10,871 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in shares of Canadian Natural Resources by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer's stock worth $15,057,000 after purchasing an additional 240,354 shares during the period. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

Shares of CNQ traded up $0.22 during trading hours on Tuesday, hitting $30.93. The stock had a trading volume of 4,296,469 shares, compared to its average volume of 6,321,339. The firm has a 50-day moving average price of $31.27 and a 200 day moving average price of $33.45. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 12.01 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

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).