Hohimer Wealth Management LLC Boosts Stake in Canadian Natural Resources Limited $CNQ

Hohimer Wealth Management LLC lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 140.2% in the third quarter, HoldingsChannel.com reports. The fund owned 117,807 shares of the oil and gas producer’s stock after acquiring an additional 68,758 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Canadian Natural Resources were worth $3,765,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Canadian Natural Resources by 85.5% during the first quarter. AQR Capital Management LLC now owns 18,090 shares of the oil and gas producer’s stock valued at $557,000 after purchasing an additional 8,336 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Canadian Natural Resources by 92.7% in the 1st quarter. Jones Financial Companies Lllp now owns 29,096 shares of the oil and gas producer’s stock worth $896,000 after purchasing an additional 13,996 shares in the last quarter. Empowered Funds LLC increased its position in shares of Canadian Natural Resources by 4.3% during the 1st quarter. Empowered Funds LLC now owns 79,374 shares of the oil and gas producer’s stock valued at $2,445,000 after purchasing an additional 3,266 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Canadian Natural Resources by 47.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock valued at $51,000 after buying an additional 528 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of Canadian Natural Resources by 3.8% during the 2nd quarter. D.A. Davidson & CO. now owns 16,365 shares of the oil and gas producer’s stock valued at $514,000 after buying an additional 606 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

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

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at $43.11 on Friday. 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 $89.74 billion, a P/E ratio of 19.08 and a beta of 0.68. Canadian Natural Resources Limited has a 1-year low of $24.65 and a 1-year high of $43.16. The firm has a 50-day moving average of $36.40 and a 200-day moving average of $33.47.

Canadian Natural Resources Profile

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.