Fiera Capital Corp Sells 512,872 Shares of Canadian Natural Resources Limited $CNQ

Fiera Capital Corp trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 25.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,469,708 shares of the oil and gas producer’s stock after selling 512,872 shares during the quarter. Fiera Capital Corp owned approximately 0.07% of Canadian Natural Resources worth $47,051,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC lifted its stake in Canadian Natural Resources by 309.1% in the 2nd quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 677 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in shares of Canadian Natural Resources during the 3rd quarter valued at $32,000. Nisa Investment Advisors LLC increased its holdings in shares of Canadian Natural Resources by 100.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 500 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after buying an additional 528 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Canadian Natural Resources by 3,182.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock valued at $55,000 after buying an additional 1,655 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Up 2.0%

Shares of CNQ opened at $42.51 on Friday. Canadian Natural Resources Limited has a 1 year low of $24.65 and a 1 year high of $43.15. 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 50 day simple moving average of $35.34 and a two-hundred day simple moving average of $33.06. The firm has a market cap of $88.48 billion, a P/E ratio of 18.81 and a beta of 0.68.

Analyst Ratings Changes

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