Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,109,432 shares of the oil and gas producer’s stock after buying an additional 1,270,945 shares during the quarter. Canadian Natural Resources comprises 2.4% of CIBC Asset Management Inc’s portfolio, making the stock its 8th biggest position. CIBC Asset Management Inc owned 1.15% of Canadian Natural Resources worth $746,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Canadian Natural Resources by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after purchasing an additional 1,651,452 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 purchasing an additional 1,383,478 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Canadian Natural Resources by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock valued at $328,807,000 after purchasing an additional 727,798 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Canadian Natural Resources by 63.5% during the 3rd quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after purchasing an additional 3,198,007 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of 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 in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold”.

Canadian Natural Resources Trading Down 1.0 %

NYSE CNQ opened at $30.10 on Monday. The stock has a market capitalization of $63.30 billion, a price-to-earnings ratio of 11.69 and a beta of 1.45. The stock’s 50 day moving average price is $31.04 and its two-hundred day moving average price is $33.33. 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 Limited has a 52 week low of $28.65 and a 52 week high of $41.29.

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).