Canadian Natural Resources Limited (NYSE:CNQ) Given Consensus Rating of “Hold” by Analysts

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) has received an average rating of “Hold” from the three ratings firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating.

Separately, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $30.04 on Thursday. The stock has a market cap of $63.18 billion, a P/E ratio of 11.67 and a beta of 1.45. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a twelve month low of $28.65 and a twelve month high of $41.29. The company’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $33.40.

Institutional Investors Weigh In On Canadian Natural Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNQ. Vanguard Group Inc. grew its stake in shares of Canadian Natural Resources by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 90,002,235 shares of the oil and gas producer’s stock valued at $2,778,729,000 after purchasing an additional 456,814 shares during the last quarter. Fisher Asset Management LLC boosted its position in Canadian Natural Resources by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 44,131,266 shares of the oil and gas producer’s stock valued at $1,362,332,000 after buying an additional 550,242 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after buying an additional 1,383,478 shares during the period. CIBC Asset Management Inc raised its position in shares of Canadian Natural Resources by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock worth $746,025,000 after acquiring an additional 1,270,945 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Canadian Natural Resources by 4.5% during the fourth quarter. JPMorgan Chase & Co. now owns 13,893,962 shares of the oil and gas producer’s stock valued at $428,907,000 after acquiring an additional 603,314 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).