Leuthold Group LLC Sells 615 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Leuthold Group LLC decreased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 24,968 shares of the oil and gas producer’s stock after selling 615 shares during the quarter. Leuthold Group LLC’s holdings in Canadian Natural Resources were worth $771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC increased its holdings in shares of Canadian Natural Resources by 3.9% in the 3rd quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock worth $945,965,000 after purchasing an additional 1,383,478 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of 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 during the period. Geode Capital Management LLC grew its holdings in shares of Canadian Natural Resources by 8.1% in the third quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock worth $328,807,000 after acquiring an additional 727,798 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Canadian Natural Resources by 63.5% in the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after acquiring an additional 3,198,007 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.00.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $29.98 on Friday. The firm has a market capitalization of $63.01 billion, a P/E ratio of 11.64 and a beta of 1.45. 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 business has a fifty day moving average of $30.87 and a 200 day moving average of $33.22. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29.

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).