Fidelis Capital Partners LLC Cuts Position in Canadian Natural Resources Limited (NYSE:CNQ)

Fidelis Capital Partners LLC trimmed its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 67.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,862 shares of the oil and gas producer’s stock after selling 16,277 shares during the period. Fidelis Capital Partners LLC’s holdings in Canadian Natural Resources were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CNQ. Fisher Asset Management LLC lifted its holdings in shares of Canadian Natural Resources by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer’s stock valued at $1,362,332,000 after acquiring an additional 550,242 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Canadian Natural Resources by 5.1% during the third quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after purchasing an additional 1,383,478 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock worth $746,025,000 after purchasing an additional 1,270,945 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Canadian Natural Resources by 8.1% in the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock worth $328,807,000 after buying an additional 727,798 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Canadian Natural Resources by 63.5% in the third 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 buying an additional 3,198,007 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CNQ shares. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reissued 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Trading Up 0.9 %

Shares of CNQ opened at $26.95 on Wednesday. Canadian Natural Resources Limited has a one year low of $25.62 and a one year high of $41.29. The stock has a 50-day moving average price of $30.60 and a 200 day moving average price of $32.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company has a market capitalization of $56.65 billion, a P/E ratio of 10.47 and a beta of 1.45.

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).