Entropy Technologies LP Sells 78,828 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Entropy Technologies LP lessened its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 55.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,751 shares of the oil and gas producer’s stock after selling 78,828 shares during the period. Entropy Technologies LP’s holdings in Canadian Natural Resources were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Continuum Advisory LLC raised 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. R Squared Ltd acquired a new position in Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co bought a new position in Canadian Natural Resources in the 3rd quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources during the third quarter worth approximately $37,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 429 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $30.38 on Monday. The company has a market capitalization of $63.89 billion, a price-to-earnings ratio of 11.80 and a beta of 1.45. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 12 month low of $28.65 and a 12 month high of $41.29. The stock’s 50 day moving average is $31.32 and its 200-day moving average is $33.48.

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).