Canadian Natural Resources Limited $CNQ Shares Bought by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,513 shares of the oil and gas producer’s stock after purchasing an additional 16,861 shares during the period. Canadian Natural Resources makes up about 1.1% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 15th largest position. Mraz Amerine & Associates Inc.’s holdings in Canadian Natural Resources were worth $7,239,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CNQ. Ameritas Advisory Services LLC acquired a new stake in Canadian Natural Resources during the 2nd quarter valued at $27,000. Addison Advisors LLC boosted its position in Canadian Natural Resources by 309.1% in the 2nd quarter. Addison Advisors LLC now owns 896 shares of the oil and gas producer’s stock valued at $28,000 after buying an additional 677 shares during the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of Canadian Natural Resources during the third quarter valued at about $32,000. Nisa Investment Advisors LLC increased its position in shares of Canadian Natural Resources by 100.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $32,000 after acquiring an additional 500 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Canadian Natural Resources by 47.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after acquiring an additional 528 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CNQ shares. Evercore downgraded Canadian Natural Resources from an “outperform” rating to an “in-line” rating in a report on Tuesday, January 6th. The Goldman Sachs Group set a $35.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a research note on Friday, January 2nd. Wells Fargo & Company raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of Canadian Natural Resources from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Desjardins downgraded shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.50.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $40.00 on Friday. Canadian Natural Resources Limited has a 52 week low of $24.65 and a 52 week high of $40.83. The company has a current ratio of 0.86, a quick ratio of 0.53 and a debt-to-equity ratio of 0.41. The firm has a market cap of $83.27 billion, a price-to-earnings ratio of 17.70 and a beta of 0.68. The stock has a 50 day moving average of $34.61 and a 200-day moving average of $32.73.

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.