Canadian Natural Resources (NYSE:CNQ) Stock Rating Lowered by Tudor Pickering

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

Canadian Natural Resources Stock Down 2.9 %

NYSE CNQ opened at $30.02 on Monday. Canadian Natural Resources has a 52 week low of $28.65 and a 52 week high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $63.14 billion, a P/E ratio of 11.66 and a beta of 1.45. The stock’s 50-day moving average price is $31.14 and its 200-day moving average price is $33.40.

Hedge Funds Weigh In On Canadian Natural Resources

Several large investors have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC increased its stake in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares in the last quarter. Measured Wealth Private Client Group LLC boosted its holdings in 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 buying an additional 404 shares during the period. Kingsview Wealth Management LLC increased its stake in Canadian Natural Resources by 4.9% in the 3rd 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 in the last quarter. Fifth Third Bancorp raised its holdings 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 acquiring an additional 429 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Canadian Natural Resources by 57.3% in the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 439 shares in 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).