DORCHESTER WEALTH MANAGEMENT Co Raises Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,729 shares of the oil and gas producer’s stock after purchasing an additional 1,885 shares during the period. Canadian Natural Resources makes up 1.4% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 28th biggest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Canadian Natural Resources were worth $7,026,000 at the end of the most recent quarter.

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

Canadian Natural Resources Trading Down 2.5 %

Shares of CNQ stock opened at $29.98 on Friday. 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 stock has a market capitalization of $63.01 billion, a P/E ratio of 11.64 and a beta of 1.45. The company has a 50 day moving average price of $30.87 and a 200 day moving average price of $33.22. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CNQ shares. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average 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).