Quadrant Capital Group LLC Has $142,000 Position in Canadian Natural Resources Ltd (CNQ)

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Quadrant Capital Group LLC boosted its stake in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,183 shares of the oil and gas producer’s stock after buying an additional 454 shares during the quarter. Quadrant Capital Group LLC’s holdings in Canadian Natural Resources were worth $142,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors raised its position in shares of 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 buying an additional 22,638,074 shares during the period. Vanguard Group Inc increased its holdings in Canadian Natural Resources by 3.2% in 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 purchasing an additional 1,031,712 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Canadian Natural Resources by 0.5% in 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 purchasing an additional 125,800 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Canadian Natural Resources by 30.9% during the third quarter. Mackenzie Financial Corp now owns 20,472,453 shares of the oil and gas producer’s stock valued at $668,630,000 after acquiring an additional 4,838,504 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Canadian Natural Resources by 10.0% during the third quarter. The Manufacturers Life Insurance Company now owns 12,139,355 shares of the oil and gas producer’s stock valued at $396,470,000 after acquiring an additional 1,099,213 shares in the last quarter. 66.38% of the stock is currently owned by hedge funds and other institutional investors.

CNQ has been the subject of several recent analyst reports. Royal Bank of Canada restated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, November 2nd. Raymond James restated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, November 2nd. Morgan Stanley reduced their price target on shares of Canadian Natural Resources from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 20th. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 price target on shares of Canadian Natural Resources in a research report on Tuesday, November 20th. Finally, Macquarie raised shares of Canadian Natural Resources from a “neutral” rating to an “outperform” rating in a research report on Tuesday, December 4th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Canadian Natural Resources presently has a consensus rating of “Buy” and a consensus target price of $43.86.

Shares of CNQ traded up $0.36 during mid-day trading on Monday, reaching $26.09. 3,491,400 shares of the company’s stock traded hands, compared to its average volume of 3,883,814. The stock has a market cap of $30.93 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 4.58 and a beta of 1.21. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. Canadian Natural Resources Ltd has a 12 month low of $21.85 and a 12 month high of $38.20.

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Canadian Natural Resources Profile

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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