Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,012,084 shares of the oil and gas producer’s stock after selling 57,798 shares during the period. Canadian Natural Resources comprises about 1.8% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 13th biggest holding. Marathon Asset Management Ltd’s holdings in Canadian Natural Resources were worth $62,889,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNQ. Assenagon Asset Management S.A. grew its stake in shares of Canadian Natural Resources by 6,902.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after acquiring an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Canadian Natural Resources by 73.3% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after acquiring an additional 3,312,442 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Canadian Natural Resources by 63.5% during the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after acquiring an additional 3,198,007 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Canadian Natural Resources by 87.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,437,771 shares of the oil and gas producer’s stock valued at $136,994,000 after acquiring an additional 2,064,492 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Canadian Natural Resources by 3.9% during the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after acquiring an additional 1,651,452 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 0.2 %

NYSE:CNQ opened at $28.25 on Monday. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 10.97 and a beta of 1.45. Canadian Natural Resources Limited has a one year low of $27.66 and a one year high of $41.29. The stock has a 50-day simple moving average of $30.73 and a 200 day simple moving average of $32.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CNQ. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.00.

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).