Caprock Group LLC Purchases Shares of 28,533 Canadian Natural Resources Limited $CNQ

Caprock Group LLC purchased a new position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,533 shares of the oil and gas producer’s stock, valued at approximately $903,000.

A number of other large investors have also recently made changes to their positions in CNQ. AQR Capital Management LLC increased its holdings in Canadian Natural Resources by 85.5% in the 1st quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock worth $557,000 after acquiring an additional 8,336 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Canadian Natural Resources by 92.7% in the first quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after purchasing an additional 13,996 shares during the period. Empowered Funds LLC increased its stake in shares of Canadian Natural Resources by 4.3% in the first quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock worth $2,445,000 after purchasing an additional 3,266 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 528 shares during the period. Finally, MGO One Seven LLC lifted its stake in shares of Canadian Natural Resources by 55.6% during the 2nd quarter. MGO One Seven LLC now owns 14,342 shares of the oil and gas producer’s stock valued at $450,000 after buying an additional 5,123 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Up 1.7%

Shares of CNQ opened at $40.67 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.86 and a quick ratio of 0.53. The stock has a market capitalization of $84.65 billion, a price-to-earnings ratio of 17.99 and a beta of 0.68. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $40.83. The business’s 50 day simple moving average is $34.73 and its 200-day simple moving average is $32.81.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CNQ shares. Evercore lowered Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. Wall Street Zen raised Canadian Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. The Goldman Sachs Group set a $35.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a research note on Friday, January 2nd. Zacks Research cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Finally, Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold” and a consensus price target of $48.50.

Canadian Natural Resources Profile

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.