Canadian Natural Resource Ltd (CNQ) Stake Lowered by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board cut its holdings in Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 511,450 shares of the oil and gas producer’s stock after selling 44,999 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Canadian Natural Resource were worth $18,321,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CNQ. The Manufacturers Life Insurance Company increased its position in shares of Canadian Natural Resource by 39.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 10,882,795 shares of the oil and gas producer’s stock valued at $388,734,000 after buying an additional 3,074,138 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Canadian Natural Resource in the fourth quarter valued at approximately $112,571,000. TD Asset Management Inc. boosted its stake in shares of Canadian Natural Resource by 6.5% in the third quarter. TD Asset Management Inc. now owns 23,511,155 shares of the oil and gas producer’s stock worth $785,617,000 after acquiring an additional 1,437,849 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Canadian Natural Resource by 11.1% in the third quarter. Ameriprise Financial Inc. now owns 10,842,877 shares of the oil and gas producer’s stock worth $363,126,000 after acquiring an additional 1,080,838 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Canadian Natural Resource by 19.9% in the third quarter. Mawer Investment Management Ltd. now owns 5,602,309 shares of the oil and gas producer’s stock worth $187,823,000 after acquiring an additional 930,318 shares during the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.

A number of analysts have recently issued reports on CNQ shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $48.00 price target on shares of Canadian Natural Resource in a research note on Thursday, November 2nd. Zacks Investment Research lowered Canadian Natural Resource from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. AltaCorp Capital reaffirmed a “buy” rating and issued a $52.00 price target on shares of Canadian Natural Resource in a research note on Monday, January 15th. Morgan Stanley lifted their price target on Canadian Natural Resource from $52.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Co lowered Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Canadian Natural Resource currently has a consensus rating of “Buy” and an average target price of $47.71.

Canadian Natural Resource Ltd (NYSE CNQ) opened at $31.52 on Monday. The firm has a market capitalization of $38,395.77, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.56 and a current ratio of 0.71. Canadian Natural Resource Ltd has a 12 month low of $27.52 and a 12 month high of $37.63.

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Canadian Natural Resource Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

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Institutional Ownership by Quarter for Canadian Natural Resource (NYSE:CNQ)

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