Calamos Wealth Management LLC Sells 1,626 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Calamos Wealth Management LLC reduced its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 27,546 shares of the oil and gas producer’s stock after selling 1,626 shares during the quarter. Calamos Wealth Management LLC’s holdings in Canadian Natural Resources were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNQ. Holocene Advisors LP purchased a new stake in Canadian Natural Resources during the third quarter worth $13,700,000. SG Americas Securities LLC lifted its holdings 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 purchasing an additional 17,694 shares in the last quarter. Canoe Financial LP lifted its holdings in Canadian Natural Resources by 226.0% during 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 purchasing an additional 1,074,199 shares in the last quarter. Cerity Partners LLC lifted its holdings in Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock valued at $15,057,000 after purchasing an additional 240,354 shares in the last quarter. Finally, Anson Funds Management LP lifted its holdings in Canadian Natural Resources by 150.0% during the third quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock valued at $3,321,000 after purchasing an additional 60,000 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock opened at $30.05 on Tuesday. The company’s 50-day moving average price is $31.62 and its two-hundred day moving average price is $33.63. The stock has a market cap of $63.19 billion, a PE ratio of 11.67 and a beta of 1.45. Canadian Natural Resources Limited has a 52 week low of $28.65 and a 52 week high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

Separately, Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

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).