O Shaughnessy Asset Management LLC Buys Shares of 94,573 Canadian Natural Resources Ltd (CNQ)

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O Shaughnessy Asset Management LLC bought a new position in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 94,573 shares of the oil and gas producer’s stock, valued at approximately $2,285,000.

Several other institutional investors and hedge funds have also made changes to their positions in CNQ. Capital World Investors raised its position in Canadian Natural Resources by 152.8% in the 3rd quarter. Capital World Investors now owns 37,457,594 shares of the oil and gas producer’s stock worth $1,223,704,000 after purchasing an additional 22,638,074 shares during the last quarter. Vanguard Group Inc raised its position in shares of Canadian Natural Resources by 3.2% during the 3rd quarter. Vanguard Group Inc now owns 33,721,656 shares of the oil and gas producer’s stock valued at $1,101,349,000 after acquiring an additional 1,031,712 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Canadian Natural Resources by 0.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 24,436,001 shares of the oil and gas producer’s stock valued at $797,773,000 after acquiring an additional 125,800 shares during the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Canadian Natural Resources by 33.6% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 23,063,446 shares of the oil and gas producer’s stock valued at $55,664,000 after acquiring an additional 5,794,865 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Canadian Natural Resources by 2.0% during the 4th quarter. Mackenzie Financial Corp now owns 20,882,645 shares of the oil and gas producer’s stock valued at $503,898,000 after acquiring an additional 410,192 shares during the last quarter. 67.80% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on CNQ. Macquarie upgraded shares of Canadian Natural Resources from a “neutral” rating to an “outperform” rating in a research report on Tuesday, December 4th. Citigroup dropped their target price on shares of Canadian Natural Resources from $38.00 to $29.00 and set a “neutral” rating for the company in a research report on Friday, December 7th. ValuEngine cut shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. TD Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, December 7th. Finally, GMP Securities restated a “buy” rating on shares of Canadian Natural Resources in a research report on Monday, December 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.86.

CNQ opened at $27.28 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.69. Canadian Natural Resources Ltd has a 12 month low of $21.85 and a 12 month high of $38.20. The firm has a market capitalization of $32.79 billion, a P/E ratio of 32.87, a PEG ratio of 5.00 and a beta of 1.21.

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About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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