Peterson Wealth Services Purchases 4,825 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Peterson Wealth Services lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,004 shares of the oil and gas producer’s stock after purchasing an additional 4,825 shares during the period. Canadian Natural Resources comprises 1.5% of Peterson Wealth Services’ investment portfolio, making the stock its 15th largest holding. Peterson Wealth Services’ holdings in Canadian Natural Resources were worth $5,155,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC grew its holdings in shares of Canadian Natural Resources by 144.1% during the third 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 last quarter. R Squared Ltd bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $32,000. Coastline Trust Co bought a new stake in shares of Canadian Natural Resources during the third quarter worth about $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Canadian Natural Resources during the fourth quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources during the third quarter worth about $37,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at $30.65 on Tuesday. The stock’s 50 day moving average is $31.32 and its 200 day moving average is $33.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm has a market cap of $64.47 billion, a P/E ratio of 11.90 and a beta of 1.45. Canadian Natural Resources Limited has a one year low of $28.65 and a one year 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).