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

Yacktman Asset Management LP decreased its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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’s holdings in Canadian Natural Resources were worth $893,174,000 at the end of the most recent quarter.

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

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at $30.65 on Tuesday. The business has a 50-day simple moving average of $31.32 and a 200 day simple moving average of $33.48. The firm has a market capitalization of $64.47 billion, a price-to-earnings ratio of 11.90 and a beta of 1.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a one year low of $28.65 and a one year high of $41.29.

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).