Triasima Portfolio Management inc. Sells 38,615 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Triasima Portfolio Management inc. cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 338,199 shares of the oil and gas producer’s stock after selling 38,615 shares during the period. Canadian Natural Resources comprises approximately 2.0% of Triasima Portfolio Management inc.’s portfolio, making the stock its 9th largest position. Triasima Portfolio Management inc.’s holdings in Canadian Natural Resources were worth $10,436,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Moloney Securities Asset Management LLC boosted its position 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 worth $242,000 after buying an additional 376 shares during the period. Measured Wealth Private Client Group LLC lifted its position in shares of Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 404 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Canadian Natural Resources by 4.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after purchasing an additional 419 shares during the period. Fifth Third Bancorp lifted its position in shares of Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after purchasing an additional 429 shares during the period. Finally, Pitcairn Co. lifted its position in shares of Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after purchasing an additional 475 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Stock Down 1.2 %

Shares of NYSE CNQ opened at $30.71 on Friday. The company has a market capitalization of $64.58 billion, a P/E ratio of 11.92 and a beta of 1.45. Canadian Natural Resources Limited has a 52-week low of $28.65 and a 52-week high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The company’s 50 day moving average price is $31.39 and its 200-day moving average price is $33.53.

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).