Journey Advisory Group LLC Sells 59,140 Shares of Canadian Natural Resources Limited $CNQ

Journey Advisory Group LLC lowered its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 75.5% in the third quarter, Holdings Channel reports. The firm owned 19,148 shares of the oil and gas producer’s stock after selling 59,140 shares during the period. Journey Advisory Group LLC’s holdings in Canadian Natural Resources were worth $612,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CNQ. AQR Capital Management LLC grew its holdings in shares of Canadian Natural Resources by 85.5% in the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock valued at $557,000 after buying an additional 8,336 shares during the period. Jones Financial Companies Lllp lifted its holdings in Canadian Natural Resources by 92.7% during the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after acquiring an additional 13,996 shares in the last quarter. Empowered Funds LLC grew its stake in Canadian Natural Resources by 4.3% in the first quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock valued at $2,445,000 after acquiring an additional 3,266 shares during the period. Geneos Wealth Management Inc. increased its holdings 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, Stratos Wealth Partners LTD. raised its position in shares of Canadian Natural Resources by 35.4% during the second quarter. Stratos Wealth Partners LTD. now owns 10,962 shares of the oil and gas producer’s stock worth $344,000 after purchasing an additional 2,867 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Canadian Natural Resources Price Performance

NYSE CNQ opened at $42.39 on Friday. The firm’s 50 day moving average is $35.53 and its 200-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. The company has a market capitalization of $88.25 billion, a PE ratio of 18.76 and a beta of 0.68. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $43.15.

About Canadian Natural Resources

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.