Sheets Smith Wealth Management Has $1,125,000 Stake in Canadian Natural Resources Limited (CNQ)

Sheets Smith Wealth Management held its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the third quarter, Holdings Channel reports. The firm owned 35,120 shares of the company’s stock at the end of the third quarter. Sheets Smith Wealth Management’s holdings in Canadian Natural Resources Limited were worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Canadian Natural Resources Limited by 20.0% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 240,000 shares of the company’s stock valued at $7,401,000 after buying an additional 40,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Canadian Natural Resources Limited by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 417,863 shares of the company’s stock valued at $12,825,000 after buying an additional 44,527 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Canadian Natural Resources Limited by 98.8% in the second quarter. William Blair Investment Management LLC now owns 4,800,672 shares of the company’s stock valued at $147,372,000 after buying an additional 2,385,923 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of Canadian Natural Resources Limited during the second quarter valued at approximately $4,048,000. Finally, Jarislowsky Fraser Ltd increased its stake in shares of Canadian Natural Resources Limited by 32.9% in the second quarter. Jarislowsky Fraser Ltd now owns 24,759,521 shares of the company’s stock valued at $766,176,000 after buying an additional 6,127,285 shares in the last quarter. Institutional investors and hedge funds own 68.05% of the company’s stock.

Institutional Ownership by Quarter for Canadian Natural Resources Limited (NYSE:CNQ)

Canadian Natural Resources Limited (NYSE:CNQ) opened at 29.95 on Tuesday. The firm’s market cap is $33.12 billion. The stock’s 50 day moving average price is $30.86 and its 200-day moving average price is $31.58. Canadian Natural Resources Limited has a one year low of $19.05 and a one year high of $35.28.

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Several equities research analysts have recently commented on CNQ shares. TD Securities raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating in a report on Friday, January 27th. Desjardins raised Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, February 2nd. RBC Capital Markets reaffirmed a “top pick” rating and set a $51.00 target price on shares of Canadian Natural Resources Limited in a report on Monday, October 17th. Seaport Global Securities started coverage on Canadian Natural Resources Limited in a report on Friday, October 28th. They set a “hold” rating and a $64.00 target price for the company. Finally, Scotiabank reaffirmed an “outperform” rating and set a $45.00 target price on shares of Canadian Natural Resources Limited in a report on Friday, December 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $44.20.

Canadian Natural Resources Limited Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

5 Day Chart for NYSE:CNQ

Want to see what other hedge funds are holding CNQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ).

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