Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV increased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,250 shares of the oil and gas producer’s stock after buying an additional 587 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Canadian Natural Resources were worth $1,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Y Intercept Hong Kong Ltd grew its holdings in shares of Canadian Natural Resources by 162.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 43,071 shares of the oil and gas producer’s stock worth $1,330,000 after acquiring an additional 26,673 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its holdings in shares of Canadian Natural Resources by 0.8% in the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 229,729 shares of the oil and gas producer’s stock worth $7,026,000 after acquiring an additional 1,885 shares during the last quarter. Investment Management Associates Inc. ADV grew its holdings in shares of Canadian Natural Resources by 0.4% in the 4th quarter. Investment Management Associates Inc. ADV now owns 246,288 shares of the oil and gas producer’s stock worth $7,603,000 after acquiring an additional 1,061 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Canadian Natural Resources by 1.8% in the 4th quarter. Waterfront Wealth Inc. now owns 30,132 shares of the oil and gas producer’s stock worth $930,000 after acquiring an additional 520 shares during the last quarter. Finally, Trinity Legacy Partners LLC grew its holdings in shares of Canadian Natural Resources by 3.2% in the 4th quarter. Trinity Legacy Partners LLC now owns 93,862 shares of the oil and gas producer’s stock worth $2,898,000 after acquiring an additional 2,882 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $29.98 on Monday. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year 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. The company has a market capitalization of $63.01 billion, a price-to-earnings ratio of 11.64 and a beta of 1.45. The stock’s fifty day simple moving average is $30.87 and its 200-day simple moving average is $33.22.

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).