Triasima Portfolio Management inc. Sells 38,615 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Triasima Portfolio Management inc. lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.2% during the fourth quarter, Holdings Channel reports. The fund owned 338,199 shares of the oil and gas producer’s stock after selling 38,615 shares during the quarter. Canadian Natural Resources comprises 2.0% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 9th largest position. Triasima Portfolio Management inc.’s holdings in Canadian Natural Resources were worth $10,436,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in shares of Canadian Natural Resources during the 4th quarter valued at $346,000. Measured Wealth Private Client Group LLC lifted its position in shares of Canadian Natural Resources by 6.3% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 10,800 shares of the oil and gas producer’s stock valued at $333,000 after acquiring an additional 642 shares during the period. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Canadian Natural Resources by 1.9% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 31,845 shares of the oil and gas producer’s stock valued at $983,000 after acquiring an additional 605 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Canadian Natural Resources by 6.4% during the 4th quarter. Bleakley Financial Group LLC now owns 24,224 shares of the oil and gas producer’s stock valued at $748,000 after acquiring an additional 1,454 shares during the period. Finally, Choreo LLC lifted its position in shares of Canadian Natural Resources by 3.2% during the 4th quarter. Choreo LLC now owns 21,594 shares of the oil and gas producer’s stock valued at $661,000 after acquiring an additional 678 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ opened at $30.71 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $31.39 and its two-hundred day moving average price is $33.53. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a market cap of $64.58 billion, a price-to-earnings ratio of 11.92 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).