Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lifted its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,862 shares of the oil and gas producer’s stock after buying an additional 2,882 shares during the period. Trinity Legacy Partners LLC’s holdings in Canadian Natural Resources were worth $2,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNQ. Creative Planning boosted its holdings in shares of Canadian Natural Resources by 15.8% during the 3rd quarter. Creative Planning now owns 92,067 shares of the oil and gas producer’s stock worth $3,058,000 after purchasing an additional 12,570 shares during the last quarter. Blue Trust Inc. boosted its stake in Canadian Natural Resources by 72.1% during the third quarter. Blue Trust Inc. now owns 5,019 shares of the oil and gas producer’s stock worth $179,000 after buying an additional 2,103 shares during the last quarter. Whittier Trust Co. grew its holdings in Canadian Natural Resources by 7.5% in the 3rd quarter. Whittier Trust Co. now owns 25,736 shares of the oil and gas producer’s stock valued at $854,000 after buying an additional 1,799 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Canadian Natural Resources by 100.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 46,139 shares of the oil and gas producer’s stock worth $1,533,000 after acquiring an additional 23,140 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Canadian Natural Resources by 1.9% during the 3rd quarter. Signaturefd LLC now owns 43,334 shares of the oil and gas producer’s stock valued at $1,439,000 after acquiring an additional 811 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $30.69 on Friday. The company has a market cap of $64.52 billion, a P/E ratio of 11.92 and a beta of 1.45. The firm has a fifty day moving average price of $30.90 and a 200 day moving average price of $33.24. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29.

Analyst Ratings Changes

CNQ has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a research report on Tuesday. Tudor Pickering downgraded shares of 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and an average target price of $62.00.

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).