Harvest Portfolios Group Inc. Acquires 257,765 Shares of Canadian Natural Resources Limited $CNQ

Harvest Portfolios Group Inc. increased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 197.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 388,352 shares of the oil and gas producer’s stock after acquiring an additional 257,765 shares during the period. Harvest Portfolios Group Inc.’s holdings in Canadian Natural Resources were worth $12,418,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Addison Advisors LLC boosted its stake 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 purchasing an additional 677 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of Canadian Natural Resources during the third quarter valued at approximately $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of Canadian Natural Resources by 100.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Canadian Natural Resources by 47.3% during 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 during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Canadian Natural Resources by 3,182.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock valued at $55,000 after acquiring an additional 1,655 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

CNQ has been the topic of several research analyst reports. Desjardins cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Evercore cut Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a report on Tuesday, January 6th. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, The Goldman Sachs Group set a $35.00 target price on 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 issued a Hold rating to the company. According to MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus price target of $48.50.

Canadian Natural Resources Trading Up 1.5%

CNQ opened at $43.73 on Friday. The stock has a 50-day moving average of $36.64 and a 200 day moving average of $33.57. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $44.04. The firm has a market cap of $91.04 billion, a P/E ratio of 19.35 and a beta of 0.68.

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.