Charles Schwab Investment Management Inc. Acquires 178,596 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Charles Schwab Investment Management Inc. raised its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,854,530 shares of the oil and gas producer’s stock after buying an additional 178,596 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Canadian Natural Resources were worth $180,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Duncker Streett & Co. Inc. purchased a new stake in Canadian Natural Resources in the fourth quarter valued at about $25,000. Continuum Advisory LLC increased its holdings in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares in the last quarter. Coastline Trust Co purchased a new position in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. R Squared Ltd purchased a new position in shares of Canadian Natural Resources in the 4th quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources during the 3rd quarter worth about $37,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Up 1.8 %

Shares of NYSE:CNQ opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1 year low of $25.62 and a 1 year high of $41.29. The firm has a market capitalization of $58.71 billion, a PE ratio of 10.85 and a beta of 1.45. The firm’s 50-day moving average is $30.50 and its two-hundred day moving average is $32.77.

Analyst Upgrades and Downgrades

Several research firms have commented on CNQ. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Hold” and an average target price of $62.00.

Canadian Natural Resources 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).