Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,729 shares of the oil and gas producer’s stock after purchasing an additional 1,885 shares during the quarter. Canadian Natural Resources makes up 1.4% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 28th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Canadian Natural Resources were worth $7,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC grew its position in shares of Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at about $33,000. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $32,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at about $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $29.98 on Friday. The company’s 50-day moving average price is $30.87 and its 200-day moving average price is $33.22. 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 company has a market cap of $63.01 billion, a P/E ratio of 11.64 and a beta of 1.45. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month high of $41.29.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CNQ shares. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report 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 research note on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Canadian Natural Resources Company Profile

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).