Y Intercept Hong Kong Ltd Has $1.33 Million Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Y Intercept Hong Kong Ltd increased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 162.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 43,071 shares of the oil and gas producer’s stock after acquiring an additional 26,673 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Canadian Natural Resources were worth $1,330,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its position in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $33,000. R Squared Ltd acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Canadian Natural Resources during the 4th quarter worth about $35,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Down 0.7 %

NYSE:CNQ opened at $28.64 on Thursday. Canadian Natural Resources Limited has a fifty-two week low of $28.37 and a fifty-two week high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $60.20 billion, a PE ratio of 11.12 and a beta of 1.45. The business’s 50-day simple moving average is $30.78 and its 200-day simple moving average is $33.11.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNQ shares. 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 restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and a consensus target price of $62.00.

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).