Canadian Natural Resources Limited $CNQ Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. trimmed its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 34.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 436,734 shares of the oil and gas producer’s stock after selling 229,671 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Canadian Natural Resources were worth $13,961,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management acquired a new stake in shares of Canadian Natural Resources in the 2nd quarter worth about $162,575,000. Vanguard Group Inc. grew its position in Canadian Natural Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock worth $2,852,024,000 after purchasing an additional 3,003,542 shares during the last quarter. Geode Capital Management LLC grew its position in Canadian Natural Resources by 19.8% in the 2nd quarter. Geode Capital Management LLC now owns 17,146,792 shares of the oil and gas producer’s stock worth $548,214,000 after purchasing an additional 2,832,155 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Canadian Natural Resources by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 27,359,777 shares of the oil and gas producer’s stock valued at $855,414,000 after purchasing an additional 2,546,233 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Canadian Natural Resources by 4.5% during the second quarter. Fisher Asset Management LLC now owns 47,939,585 shares of the oil and gas producer’s stock valued at $1,505,303,000 after buying an additional 2,051,714 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

CNQ has been the subject of a number of recent analyst reports. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Evercore lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a report on Tuesday, January 6th. Desjardins cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Canadian Natural Resources and gave the company a “buy” rating in a research report on Friday, January 2nd. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.50.

Canadian Natural Resources Stock Down 0.3%

CNQ opened at $42.39 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.53 and a current ratio of 0.86. The company has a market capitalization of $88.25 billion, a PE ratio of 18.76 and a beta of 0.68. The stock’s fifty day moving average is $35.53 and its 200-day moving average is $33.14. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $43.15.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.