Aviso Financial Inc. Has $83.45 Million Stock Position in Canadian Natural Resources Limited $CNQ

Aviso Financial Inc. grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,609,357 shares of the oil and gas producer’s stock after purchasing an additional 13,756 shares during the period. Canadian Natural Resources comprises about 3.4% of Aviso Financial Inc.’s investment portfolio, making the stock its 9th biggest position. Aviso Financial Inc.’s holdings in Canadian Natural Resources were worth $83,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CNQ. Addison Advisors LLC lifted its stake in shares of Canadian Natural Resources by 309.1% in the second 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 period. St. Johns Investment Management Company LLC acquired a new position in Canadian Natural Resources in the 3rd quarter valued at approximately $32,000. Nisa Investment Advisors LLC lifted its position in shares of Canadian Natural Resources by 100.0% in the 3rd 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 period. Geneos Wealth Management Inc. grew 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 worth $51,000 after purchasing an additional 528 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Canadian Natural Resources by 3,182.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,707 shares of the oil and gas producer’s stock valued at $55,000 after purchasing an additional 1,655 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Trading Up 1.5%

Shares of Canadian Natural Resources stock opened at $43.73 on Friday. Canadian Natural Resources Limited has a 12-month low of $24.65 and a 12-month high of $44.04. The stock has a market capitalization of $91.04 billion, a P/E ratio of 19.35 and a beta of 0.68. The company has a 50-day simple moving average of $36.64 and a 200 day simple moving average of $33.59. The company has a quick ratio of 0.53, a current ratio of 0.86 and a debt-to-equity ratio of 0.41.

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.