Canadian Natural Resources Limited $CNQ Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,887 shares of the oil and gas producer’s stock after selling 13,403 shares during the period. Dakota Wealth Management’s holdings in Canadian Natural Resources were worth $2,681,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tacita Capital Inc increased its position in shares of Canadian Natural Resources by 6.1% during the third quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock worth $184,000 after acquiring an additional 330 shares during the last quarter. Haven Private LLC boosted its holdings in Canadian Natural Resources by 3.4% in the second quarter. Haven Private LLC now owns 11,617 shares of the oil and gas producer’s stock valued at $365,000 after purchasing an additional 383 shares during the last quarter. King Luther Capital Management Corp grew its stake in Canadian Natural Resources by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer’s stock valued at $1,014,000 after purchasing an additional 387 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in Canadian Natural Resources by 2.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,886 shares of the oil and gas producer’s stock worth $572,000 after purchasing an additional 390 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Canadian Natural Resources by 9.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,939 shares of the oil and gas producer’s stock valued at $158,000 after purchasing an additional 426 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 0.6%

NYSE CNQ opened at $42.58 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.53 and a current ratio of 0.86. Canadian Natural Resources Limited has a one year low of $24.65 and a one year high of $43.15. The company has a 50-day simple moving average of $35.95 and a 200-day simple moving average of $33.34. The firm has a market capitalization of $88.63 billion, a PE ratio of 18.84 and a beta of 0.68.

Wall Street Analyst Weigh In

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

About Canadian Natural Resources

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.