Bahl & Gaynor Inc. Makes New $272,000 Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Bahl & Gaynor Inc. purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,806 shares of the oil and gas producer’s stock, valued at approximately $272,000.

A number of other institutional investors also recently modified their holdings of the business. US Bancorp DE lifted its position in shares of Canadian Natural Resources by 2.8% during the third quarter. US Bancorp DE now owns 100,126 shares of the oil and gas producer’s stock worth $3,325,000 after acquiring an additional 2,728 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Canadian Natural Resources by 21.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 26,900 shares of the oil and gas producer’s stock worth $893,000 after purchasing an additional 4,702 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 376 shares in the last quarter. Old West Investment Management LLC grew its holdings in Canadian Natural Resources by 73.9% during the 3rd quarter. Old West Investment Management LLC now owns 355,983 shares of the oil and gas producer’s stock valued at $11,822,000 after buying an additional 151,237 shares in the last quarter. Finally, Harvest Portfolios Group Inc. increased its position in shares of Canadian Natural Resources by 13.7% during the third quarter. Harvest Portfolios Group Inc. now owns 126,095 shares of the oil and gas producer’s stock valued at $4,187,000 after buying an additional 15,180 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CNQ. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.00.

Canadian Natural Resources Stock Up 2.0 %

Shares of NYSE CNQ opened at $27.46 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average of $30.54 and a 200-day moving average of $32.80. The firm has a market capitalization of $57.72 billion, a price-to-earnings ratio of 10.66 and a beta of 1.45. Canadian Natural Resources Limited has a 12 month low of $25.62 and a 12 month high of $41.29.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).