The most recent Form 13F filing that Clear Street Markets LLC made with the Securities and Exchange Commission (SEC) reveals that during the third quarter of 2018, the company increased its holdings in Canadian Natural Resources Limited (NYSE: CNQ) (TSE: CNQ). The company ended the period with a total holding of 10,900 shares of the oil and gas producer’s stock, having purchased an additional 3,300 shares during the period in question. Clear Street Markets LLC disclosed to the SEC in its most recent statement that the value of its holding in Canadian Natural Resources is $508,000. This information was included in the filing.
Several other hedge funds have recently been very active in the market, purchasing and selling CNQ shares. The amount of stock in Canadian Natural Resources that Cambridge Investment Research Advisors Inc. possessed increased by 30.3% over the first three months of 2018. Cambridge Investment Research Advisors Inc. acquired an additional 3,055 shares of the oil and gas producer’s stock during the period in question. This brings the total number of shares it currently possesses to 13,128 and raises its market value to $814,000. During the first three months of the year, Private Advisor Group LLC added approximately 403,000 dollars to its holdings of Canadian Natural Resources to expand those holdings. PNC Financial Services Group Inc. increased its holdings in Canadian Natural Resources by 26.0 percent over the first three months of 2018. After making additional purchases totaling 3,448 shares during the quarter, PNC Financial Services Group Inc. now has 16,727 shares of the oil and gas producer’s stock. The price per share has increased to $1,036,000 at this point. BlackRock Inc. increased its holdings in Canadian Natural Resources by 31.5 percent over the first three months of 2018. BlackRock Inc. now has 896,093 shares of the oil and gas producer’s stock, which has a value of $55,540,000 after purchasing an additional 214,665 shares during the period in question. This gives the company a market capitalization of $55,540,000. During the first three months of this year, Raymond James Trust N.A. increased the amount of Canadian Natural Resources shares that it owned by 2.3%, bringing us to our last point. Raymond James Trust N.A. now owns 8,432 shares of the oil and gas producer’s stock, which has a market value of $523,000 after making an additional purchase of 191 shares during that period. Institutional investors and hedge funds jointly own 70.92% of the total number of shares in the company, making up the majority of the shareholders.
CNQ shares have been receiving a lot of attention from various research analysts. National Bank Financial increased its price objective on Canadian Natural Resources from C$88.00 to C$105.00 in a research note published on Thursday, December 1. In a research report dated November 4, Raymond James increased their price target for Canadian Natural Resources from C$85.00 to C$87.00, bringing the updated date to November 4 as well. Stifel Firstegy recommended that investors “buy” shares of Canadian Natural Resources in a research report published on January 12. The report was about Canadian natural resources. Stifel Nicolaus did not start research coverage of shares issued by Canadian Natural Resources until January 12, when the company published a note announcing its intention to begin this coverage. They recommended purchasing shares of the company as a whole. On Wednesday, October 19, Jefferies Financial Group became the first investment firm to cover shares of Canadian Natural Resources. This development took place after the market closed. They recommended that shareholders “hold” their shares of the company. Five analysts have assigned the stock a buy rating, while the same number of other analysts have assigned the stock a hold rating. The information discovered on Bloomberg.com suggests that the company is currently rated as having an average recommendation of “Moderate Buy” and has a price target of $91.38.
On Tuesday, the price of $57.33 per share was established as the opening price for trading in the shares of Canadian Natural Resources. During the past 52 weeks, the price of Canadian Natural Resources Limited has ranged from a low of $44.45 to a high of $70.60. During this same period, the price has remained relatively stable. There is currently