GW&K Investment Management LLC Reduces Holdings in Canadian Natural Resources Limited $CNQ

GW&K Investment Management LLC reduced its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,316,628 shares of the oil and gas producer’s stock after selling 15,753 shares during the period. GW&K Investment Management LLC owned about 0.06% of Canadian Natural Resources worth $42,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tacita Capital Inc grew its holdings in shares of Canadian Natural Resources by 6.1% in the third quarter. Tacita Capital Inc now owns 5,753 shares of the oil and gas producer’s stock worth $184,000 after purchasing an additional 330 shares during the last quarter. King Luther Capital Management Corp raised its holdings in Canadian Natural Resources by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 32,283 shares of the oil and gas producer’s stock valued at $1,014,000 after buying an additional 387 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Canadian Natural Resources by 2.2% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,886 shares of the oil and gas producer’s stock valued at $572,000 after buying an additional 390 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Canadian Natural Resources by 9.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,939 shares of the oil and gas producer’s stock worth $158,000 after acquiring an additional 426 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Canadian Natural Resources by 5.7% in the 2nd quarter. Kingsview Wealth Management LLC now owns 8,109 shares of the oil and gas producer’s stock worth $255,000 after acquiring an additional 434 shares during the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CNQ shares. Zacks Research downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. Desjardins downgraded Canadian Natural Resources from a “buy” rating to a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group set a $35.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a research report on Friday, January 2nd. Wall Street Zen upgraded Canadian Natural Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Evercore cut Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a research note on Tuesday, January 6th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.50.

Canadian Natural Resources Stock Up 0.1%

CNQ stock opened at $44.18 on Thursday. The business’s 50-day moving average is $37.33 and its two-hundred day moving average is $33.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.53 and a current ratio of 0.86. The company has a market cap of $92.10 billion, a price-to-earnings ratio of 19.55 and a beta of 0.63. Canadian Natural Resources Limited has a fifty-two week low of $24.65 and a fifty-two week high of $45.85.

About Canadian Natural Resources

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.