Roanoke Asset Management Corp NY Trims Stake in Canadian Natural Resources Limited (CNQ)

Roanoke Asset Management Corp NY trimmed its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 9.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,255 shares of the oil and gas producer’s stock after selling 5,465 shares during the quarter. Roanoke Asset Management Corp NY’s holdings in Canadian Natural Resources Limited were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors boosted its position in shares of Canadian Natural Resources Limited by 6.0% in the second quarter. Capital World Investors now owns 36,065,983 shares of the oil and gas producer’s stock valued at $1,040,707,000 after acquiring an additional 2,042,846 shares during the period. Vanguard Group Inc. boosted its position in shares of Canadian Natural Resources Limited by 2.3% in the second quarter. Vanguard Group Inc. now owns 26,244,673 shares of the oil and gas producer’s stock valued at $756,896,000 after acquiring an additional 599,935 shares during the period. TD Asset Management Inc. boosted its position in shares of Canadian Natural Resources Limited by 0.6% in the second quarter. TD Asset Management Inc. now owns 22,073,306 shares of the oil and gas producer’s stock valued at $636,007,000 after acquiring an additional 136,364 shares during the period. CIBC Asset Management Inc boosted its position in shares of Canadian Natural Resources Limited by 11.9% in the second quarter. CIBC Asset Management Inc now owns 16,749,799 shares of the oil and gas producer’s stock valued at $482,767,000 after acquiring an additional 1,780,934 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Canadian Natural Resources Limited by 26.2% in the second quarter. Ameriprise Financial Inc. now owns 9,762,039 shares of the oil and gas producer’s stock valued at $281,539,000 after acquiring an additional 2,025,045 shares during the period. 59.04% of the stock is owned by institutional investors.

Shares of Canadian Natural Resources Limited (NYSE CNQ) traded up 0.57% on Wednesday, reaching $35.10. The company had a trading volume of 686,219 shares. Canadian Natural Resources Limited has a 52-week low of $27.52 and a 52-week high of $35.29. The firm has a market capitalization of $42.65 billion, a price-to-earnings ratio of 32.44 and a beta of 1.47. The company’s 50-day moving average price is $33.35 and its 200-day moving average price is $31.20.

COPYRIGHT VIOLATION NOTICE: “Roanoke Asset Management Corp NY Trims Stake in Canadian Natural Resources Limited (CNQ)” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.com-unik.info/2017/11/01/roanoke-asset-management-corp-ny-trims-stake-in-canadian-natural-resources-limited-cnq.html.

Several equities research analysts have recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a $47.00 price objective on shares of Canadian Natural Resources Limited in a research report on Tuesday, September 5th. Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $33.00 in a research report on Friday, July 21st. They noted that the move was a valuation call. Zacks Investment Research raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, October 4th. ValuEngine raised Canadian Natural Resources Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley raised Canadian Natural Resources Limited from an “equal weight” rating to an “overweight” rating and set a $46.00 price objective for the company in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.30.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ).

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

What are top analysts saying about Canadian Natural Resources Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Canadian Natural Resources Limited and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit