111 Capital Purchases New Shares in Canadian Natural Resources Limited $CNQ

111 Capital bought a new position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 39,228 shares of the oil and gas producer’s stock, valued at approximately $1,254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in Canadian Natural Resources during the second quarter worth about $162,575,000. Vanguard Group Inc. boosted its stake in shares of Canadian Natural Resources by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 90,742,099 shares of the oil and gas producer’s stock worth $2,852,024,000 after buying an additional 3,003,542 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Canadian Natural Resources by 19.8% in the second quarter. Geode Capital Management LLC now owns 17,146,792 shares of the oil and gas producer’s stock valued at $548,214,000 after acquiring an additional 2,832,155 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Canadian Natural Resources by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 27,359,777 shares of the oil and gas producer’s stock valued at $855,414,000 after acquiring an additional 2,546,233 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of Canadian Natural Resources by 4.5% during the second quarter. Fisher Asset Management LLC now owns 47,939,585 shares of the oil and gas producer’s stock valued at $1,505,303,000 after acquiring an additional 2,051,714 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

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

Canadian Natural Resources Stock Up 1.5%

CNQ opened at $43.73 on Monday. Canadian Natural Resources Limited has a 12 month low of $24.65 and a 12 month high of $44.04. The company has a market cap of $91.17 billion, a PE ratio of 19.35 and a beta of 0.62. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $36.64 and a 200 day moving average of $33.62.

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.