Y Intercept Hong Kong Ltd Purchases 26,673 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Y Intercept Hong Kong Ltd raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 162.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,071 shares of the oil and gas producer’s stock after acquiring an additional 26,673 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Canadian Natural Resources were worth $1,330,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC lifted its holdings in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares during the period. Coastline Trust Co bought a new position in shares of Canadian Natural Resources during the third quarter valued at $33,000. R Squared Ltd bought a new position in shares of Canadian Natural Resources during the fourth quarter valued at $32,000. Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources during the third quarter valued at $37,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Canadian Natural Resources during the fourth quarter valued at $35,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $28.64 on Thursday. Canadian Natural Resources Limited has a twelve month low of $28.37 and a twelve month high of $41.29. The firm has a market cap of $60.20 billion, a PE ratio of 11.12 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. The business has a fifty day moving average of $30.78 and a 200-day moving average of $33.11.

Analyst Ratings Changes

A number of research analysts have issued reports on CNQ shares. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Profile

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).