Metis Global Partners LLC Grows Stock Holdings in Canadian Natural Resources Limited $CNQ

Metis Global Partners LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,342 shares of the oil and gas producer’s stock after purchasing an additional 24,302 shares during the period. Metis Global Partners LLC’s holdings in Canadian Natural Resources were worth $5,671,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc boosted its position in shares of Canadian Natural Resources by 6.1% during the 3rd quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock worth $184,000 after acquiring an additional 330 shares in the last quarter. Haven Private LLC lifted its stake in Canadian Natural Resources by 3.4% during the second quarter. Haven Private LLC now owns 11,617 shares of the oil and gas producer’s stock worth $365,000 after purchasing an additional 383 shares during the last quarter. King Luther Capital Management Corp boosted its holdings in Canadian Natural Resources by 1.2% in the second quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer’s stock valued at $1,014,000 after purchasing an additional 387 shares in the last quarter. Frank Rimerman Advisors LLC boosted its holdings in Canadian Natural Resources by 2.2% in the third quarter. Frank Rimerman Advisors LLC now owns 17,886 shares of the oil and gas producer’s stock valued at $572,000 after purchasing an additional 390 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in Canadian Natural Resources by 5.7% in the second quarter. Kingsview Wealth Management LLC now owns 8,109 shares of the oil and gas producer’s stock valued at $255,000 after purchasing an additional 434 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 1.7%

NYSE CNQ opened at $40.67 on Friday. The firm’s fifty day moving average is $34.73 and its two-hundred day moving average is $32.79. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $40.83. 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 firm has a market cap of $84.65 billion, a PE ratio of 17.99 and a beta of 0.68.

Analysts Set New Price Targets

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

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.