7,046 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Bought by Boston Financial Mangement LLC

Boston Financial Mangement LLC acquired a new position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,046 shares of the oil and gas producer’s stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of the company. Continuum Advisory LLC raised its stake 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. Coastline Trust Co acquired a new position in Canadian Natural Resources during the 3rd quarter valued at $33,000. R Squared Ltd acquired a new position in Canadian Natural Resources during the 4th quarter valued at $32,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the 3rd quarter valued at $37,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Canadian Natural Resources during the 4th quarter valued at $35,000. 74.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective on shares of Canadian Natural Resources in a research note on Tuesday. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $62.00.

Canadian Natural Resources Trading Down 2.5 %

Shares of Canadian Natural Resources stock opened at $29.98 on Friday. The stock has a market capitalization of $63.01 billion, a P/E ratio of 11.64 and a beta of 1.45. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $30.87 and a 200 day simple moving average of $33.22. Canadian Natural Resources Limited has a 12-month low of $28.65 and a 12-month high of $41.29.

Canadian Natural Resources 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).