Canadian Natural Resources Limited $CNQ Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. cut its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 17.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,950 shares of the oil and gas producer’s stock after selling 18,400 shares during the quarter. Westerkirk Capital Inc.’s holdings in Canadian Natural Resources were worth $2,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CNQ. Addison Advisors LLC lifted its holdings in Canadian Natural Resources by 309.1% in the 2nd quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 677 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Canadian Natural Resources during the third quarter valued at about $32,000. Nisa Investment Advisors LLC increased its position in shares of Canadian Natural Resources by 100.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 528 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Canadian Natural Resources by 3,182.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock worth $55,000 after acquiring an additional 1,655 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Down 0.3%

NYSE:CNQ opened at $42.39 on Friday. The company has a market cap of $88.25 billion, a PE ratio of 18.76 and a beta of 0.68. The business’s 50 day moving average is $35.53 and its two-hundred day moving average is $33.16. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $43.15.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Company 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.