13,800 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Purchased by Sage Investment Counsel LLC

Sage Investment Counsel LLC bought a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 4th quarter, Holdings Channel.com reports. The firm bought 13,800 shares of the oil and gas producer’s stock, valued at approximately $426,000.

Several other institutional investors have also recently made changes to their positions in CNQ. Continuum Advisory LLC grew its holdings in 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 buying an additional 490 shares in the last quarter. R Squared Ltd purchased a new position in Canadian Natural Resources during the 4th quarter valued at approximately $32,000. Coastline Trust Co purchased a new position in Canadian Natural Resources during the 3rd quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in Canadian Natural Resources during the 4th quarter valued at approximately $35,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Canadian Natural Resources during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

CNQ has been the subject of several research analyst reports. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.00.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock opened at $28.25 on Friday. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 10.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a 50 day moving average price of $30.73 and a 200-day moving average price of $33.02. Canadian Natural Resources Limited has a one year low of $27.66 and a one year high of $41.29.

Canadian Natural Resources 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).