Capital Wealth Planning LLC Buys 11,296 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Capital Wealth Planning LLC raised its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 8.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 139,203 shares of the oil and gas producer’s stock after purchasing an additional 11,296 shares during the quarter. Capital Wealth Planning LLC’s holdings in Canadian Natural Resources were worth $4,297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC increased its holdings in shares of 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 worth $28,000 after purchasing an additional 490 shares during the period. R Squared Ltd bought a new position in shares of Canadian Natural Resources during the 4th quarter worth about $32,000. Coastline Trust Co bought a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of Canadian Natural Resources during the 4th quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $37,000. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $28.25 on Friday. Canadian Natural Resources Limited has a 1 year low of $27.66 and a 1 year high of $41.29. The firm’s 50 day moving average is $30.73 and its 200-day moving average is $33.00. The firm has a market capitalization of $59.38 billion, a price-to-earnings ratio of 10.97 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.

Analyst Ratings Changes

Several analysts have recently weighed in 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 reiterated an “outperform” rating and set a $62.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.00.

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).