Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Lee Financial Co

Lee Financial Co reduced its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,280 shares of the oil and gas producer’s stock after selling 749 shares during the quarter. Lee Financial Co’s holdings in Canadian Natural Resources were worth $1,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC lifted its position in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the third quarter valued at $33,000. R Squared Ltd acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB purchased a new position in Canadian Natural Resources in the 3rd quarter worth about $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Canadian Natural Resources during the 4th quarter worth about $35,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $30.10 on Friday. The company has a market capitalization of $63.30 billion, a price-to-earnings ratio of 11.69 and a beta of 1.45. Canadian Natural Resources Limited has a 1-year low of $28.65 and a 1-year high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $31.04 and its 200-day simple moving average is $33.35.

About Canadian Natural Resources

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).