US Bancorp DE Sells 15,595 Shares of Canadian Natural Resources Limited $CNQ

US Bancorp DE trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 16.4% during the third quarter, HoldingsChannel.com reports. The firm owned 79,368 shares of the oil and gas producer’s stock after selling 15,595 shares during the quarter. US Bancorp DE’s holdings in Canadian Natural Resources were worth $2,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Addison Advisors LLC raised 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 bought a new position in shares of Canadian Natural Resources during the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its holdings in shares of Canadian Natural Resources by 100.0% in the third quarter. Nisa Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Canadian Natural Resources by 47.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,644 shares of the oil and gas producer’s stock worth $51,000 after purchasing an additional 528 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Canadian Natural Resources by 3,182.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 1,655 shares in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $44.20 on Wednesday. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $45.85. The firm has a market capitalization of $92.14 billion, a price-to-earnings ratio of 19.56 and a beta of 0.63. The stock’s 50 day moving average price is $37.10 and its two-hundred day moving average price is $33.82. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

Analysts Set New Price Targets

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

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.