Principal Financial Group Inc. Has $137.89 Million Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Principal Financial Group Inc. lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,468,492 shares of the oil and gas producer’s stock after purchasing an additional 282,696 shares during the quarter. Principal Financial Group Inc. owned 0.21% of Canadian Natural Resources worth $137,889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC raised its position in Canadian Natural Resources by 5.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC raised its position in Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after buying an additional 404 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Canadian Natural Resources by 4.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after buying an additional 419 shares during the last quarter. Fifth Third Bancorp raised its position in Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 429 shares during the last quarter. Finally, Pitcairn Co. raised its position in Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after buying an additional 475 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 1.2 %

Shares of Canadian Natural Resources stock opened at $30.48 on Wednesday. Canadian Natural Resources Limited has a 1 year low of $28.65 and a 1 year high of $41.29. The firm has a market cap of $64.09 billion, a PE ratio of 11.83 and a beta of 1.45. The stock has a fifty day moving average price of $30.99 and a 200-day moving average price of $33.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of analyst reports. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Hold” and an average price target of $62.00.

About Canadian Natural Resources

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).