Empowered Funds LLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 21.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,108 shares of the oil and gas producer's stock after acquiring an additional 13,277 shares during the quarter. Empowered Funds LLC's holdings in Canadian Natural Resources were worth $2,349,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Continuum Advisory LLC boosted its stake in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co bought a new position in Canadian Natural Resources in the 3rd quarter worth approximately $33,000. R Squared Ltd bought a new position in Canadian Natural Resources in the 4th quarter worth approximately $32,000. Wilmington Savings Fund Society FSB bought a new position in Canadian Natural Resources in the 3rd quarter worth approximately $37,000. Finally, Fifth Third Bancorp boosted its stake in Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock worth $39,000 after purchasing an additional 429 shares during the period. 74.03% of the stock is currently owned by institutional investors.
Shares of NYSE CNQ traded down $0.31 during midday trading on Friday, reaching $30.10. 3,389,614 shares of the stock traded hands, compared to its average volume of 6,494,203. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $63.30 billion, a PE ratio of 11.69 and a beta of 1.45. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29. The company's 50 day moving average is $31.04 and its 200 day moving average is $33.35.
Separately, Tudor Pickering downgraded Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold".
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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 (thermal oil), and synthetic crude oil (SCO).
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