Trinity Legacy Partners LLC Purchases 2,882 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Trinity Legacy Partners LLC increased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,862 shares of the oil and gas producer’s stock after acquiring an additional 2,882 shares during the quarter. Trinity Legacy Partners LLC’s holdings in Canadian Natural Resources were worth $2,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Holocene Advisors LP acquired a new position in shares of Canadian Natural Resources during the third quarter worth $13,700,000. SG Americas Securities LLC increased its position in Canadian Natural Resources by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock valued at $9,151,000 after buying an additional 17,694 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Canadian Natural Resources by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 24,109,432 shares of the oil and gas producer’s stock worth $746,025,000 after acquiring an additional 1,270,945 shares in the last quarter. Canoe Financial LP grew its stake in shares of Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock worth $51,469,000 after acquiring an additional 1,074,199 shares during the last quarter. Finally, Baskin Financial Services Inc. increased its holdings in shares of Canadian Natural Resources by 1.1% during the fourth quarter. Baskin Financial Services Inc. now owns 996,151 shares of the oil and gas producer’s stock valued at $30,736,000 after acquiring an additional 10,871 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $30.69 on Friday. The company has a fifty day moving average of $30.90 and a two-hundred day moving average of $33.24. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. The stock has a market capitalization of $64.52 billion, a PE ratio of 11.92 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

About Canadian Natural Resources

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).