Yacktman Asset Management LP Has $893.17 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Yacktman Asset Management LP lessened its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,933,385 shares of the oil and gas producer’s stock after selling 73,566 shares during the period. Canadian Natural Resources accounts for about 10.4% of Yacktman Asset Management LP’s portfolio, making the stock its biggest position. Yacktman Asset Management LP owned about 1.38% of Canadian Natural Resources worth $893,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Canadian Natural Resources during the 2nd quarter worth approximately $276,000. Carnegie Investment Counsel boosted its holdings in shares of Canadian Natural Resources by 0.9% in the 3rd quarter. Carnegie Investment Counsel now owns 88,416 shares of the oil and gas producer’s stock valued at $2,936,000 after purchasing an additional 783 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Canadian Natural Resources in the 3rd quarter valued at $46,000. Creative Planning raised its holdings in shares of Canadian Natural Resources by 15.8% during the 3rd quarter. Creative Planning now owns 92,067 shares of the oil and gas producer’s stock worth $3,058,000 after buying an additional 12,570 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. acquired a new position in Canadian Natural Resources during the third quarter worth about $179,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 0.9 %

NYSE CNQ opened at $30.65 on Tuesday. The business’s fifty day moving average is $31.32 and its 200 day moving average is $33.48. Canadian Natural Resources Limited has a twelve month low of $28.65 and a twelve month high of $41.29. The company has a market cap of $64.47 billion, a price-to-earnings ratio of 11.90 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.

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).