Canadian Natural Resources (NYSE:CNQ) Cut to “Hold” at Tudor Pickering

Tudor Pickering cut shares of Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

Canadian Natural Resources Trading Down 2.9 %

NYSE:CNQ opened at $30.02 on Monday. The company has a market cap of $63.14 billion, a PE ratio of 11.66 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. The company has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $33.40. Canadian Natural Resources has a 12 month low of $28.65 and a 12 month high of $41.29.

Institutional Trading of Canadian Natural Resources

A number of hedge funds have recently bought and sold shares of CNQ. Moloney Securities Asset Management LLC grew its stake in shares of Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 376 shares during the period. Measured Wealth Private Client Group LLC lifted its stake in shares of Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 404 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Canadian Natural Resources by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 419 shares during the last quarter. Fifth Third Bancorp grew its position in Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 429 shares during the period. Finally, Assetmark Inc. increased its holdings in Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 439 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

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).