1832 Asset Management L.P. Reduces $140M in Canadian Natural Resources Limited ($CNQ)
Key Points
- 1832 Asset Management L.P. changed its Canadian Natural Resources Limited ($CNQ) stake by 11.26% last quarter, cutting to 27,936,558 shares worth $1.10 billion.
- Wall Street's consensus rating on $CNQ is Buy and an average price target of $49.16.
- $CNQ last traded around $39.50.
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1832 Asset Management L.P. reduced its position in Canadian Natural Resources Limited ($CNQ) by 11.26% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,936,558 shares of Canadian Natural Resources Limited after selling 3,545,621 shares during the quarter. 1832 Asset Management L.P.'s holdings in Canadian Natural Resources Limited were worth $1.10 billion as of its most recent filing.
Canadian Natural Resources Limited Stock Down 19.4%
Shares of Canadian Natural Resources Limited ($CNQ) traded around $39.50 on Saturday, down 19.4% for the day.
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About Canadian Natural Resources Limited
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.