Dynasty Wealth Management LLC Sells 1,507 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Dynasty Wealth Management LLC lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,344 shares of the oil and gas producer’s stock after selling 1,507 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Canadian Natural Resources were worth $844,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Continuum Advisory LLC boosted its holdings in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after acquiring an additional 490 shares in the last quarter. R Squared Ltd bought a new stake in shares of Canadian Natural Resources during the fourth quarter valued at approximately $32,000. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources during the third quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of Canadian Natural Resources in the 4th quarter worth $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources in the 3rd quarter valued at $37,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $28.25 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 stock has a market cap of $59.38 billion, a PE ratio of 10.97 and a beta of 1.45. The stock’s fifty day simple moving average is $30.73 and its two-hundred day simple moving average is $33.02. Canadian Natural Resources Limited has a 1-year low of $27.66 and a 1-year high of $41.29.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several research reports. Royal Bank of Canada restated 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 shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $62.00.

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).