Fisher Asset Management LLC Increases Position in Canadian Natural Resources Limited (NYSE:CNQ)

Fisher Asset Management LLC increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,131,266 shares of the oil and gas producer’s stock after purchasing an additional 550,242 shares during the quarter. Fisher Asset Management LLC’s holdings in Canadian Natural Resources were worth $1,362,332,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Canadian Natural Resources during the third quarter valued at about $7,460,000. First Trust Direct Indexing L.P. raised its stake in shares of Canadian Natural Resources by 14.8% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 35,088 shares of the oil and gas producer’s stock worth $1,165,000 after acquiring an additional 4,523 shares in the last quarter. US Bancorp DE lifted its position in Canadian Natural Resources by 2.8% during the third quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock valued at $3,325,000 after acquiring an additional 2,728 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Canadian Natural Resources by 21.2% in the third quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock valued at $893,000 after acquiring an additional 4,702 shares in the last quarter. Finally, KG&L Capital Management LLC grew its holdings in Canadian Natural Resources by 19.9% in the third quarter. KG&L Capital Management LLC now owns 6,775 shares of the oil and gas producer’s stock worth $225,000 after purchasing an additional 1,125 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

CNQ has been the subject of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $28.25 on Friday. Canadian Natural Resources Limited has a fifty-two week low of $27.66 and a fifty-two week high of $41.29. The firm has a market capitalization of $59.38 billion, a price-to-earnings ratio of 10.97 and a beta of 1.45. 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’s 50-day simple moving average is $30.73 and its 200-day simple moving average is $33.02.

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).