Fisher Asset Management LLC Purchases 550,242 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Fisher Asset Management LLC boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,131,266 shares of the oil and gas producer’s stock after purchasing an additional 550,242 shares during the period. Fisher Asset Management LLC owned about 2.10% of Canadian Natural Resources worth $1,362,332,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CNQ. Continuum Advisory LLC grew its holdings in Canadian Natural Resources by 144.1% during the 3rd 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 last quarter. R Squared Ltd bought a new position in Canadian Natural Resources during the 4th quarter valued at about $32,000. Coastline Trust Co bought a new position in Canadian Natural Resources during the 3rd quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new position in Canadian Natural Resources during the 4th quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in Canadian Natural Resources during the 3rd quarter valued at about $37,000. 74.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $28.25 on Friday. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 10.97 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1 year low of $27.66 and a 1 year high of $41.29. The firm has a 50-day moving average of $30.73 and a two-hundred day moving average of $33.02.

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).