Hara Capital LLC Boosts Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Hara Capital LLC raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 49.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,934 shares of the oil and gas producer’s stock after purchasing an additional 7,604 shares during the quarter. Hara Capital LLC’s holdings in Canadian Natural Resources were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNQ. Assenagon Asset Management S.A. raised its position in Canadian Natural Resources by 6,902.0% in 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 purchasing an additional 3,600,686 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Canadian Natural Resources by 73.3% in 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 purchasing an additional 3,312,442 shares during the period. National Bank of Canada FI raised its position in Canadian Natural Resources by 63.5% in 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 purchasing an additional 3,198,007 shares during the period. Fisher Asset Management LLC raised its position in Canadian Natural Resources by 3.9% in 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 purchasing an additional 1,651,452 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in Canadian Natural Resources by 5.1% in the third 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 purchasing an additional 1,383,478 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

CNQ stock opened at $30.10 on Tuesday. 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 company has a market capitalization of $63.26 billion, a PE ratio of 11.69 and a beta of 1.45. Canadian Natural Resources Limited has a 12-month low of $28.65 and a 12-month high of $41.29. The business’s fifty day moving average price is $31.04 and its 200 day moving average price is $33.33.

Wall Street Analysts Forecast Growth

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

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).