Cibc Asset Management Reduces $59M in Canadian Natural Resources Limited ($CNQ)
Key Points
- Cibc Asset Management changed its Canadian Natural Resources Limited ($CNQ) stake by 7.68% last quarter, cutting to 15,698,709 shares worth $713.35 million.
- Wall Street's consensus rating on $CNQ is Buy and an average price target of $49.16.
- $CNQ last traded around $45.44.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Cibc Asset Management trimmed its position in Canadian Natural Resources Limited ($CNQ) by 7.68% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,698,709 shares of Canadian Natural Resources Limited after selling 1,305,122 shares during the quarter. Cibc Asset Management's holdings in Canadian Natural Resources Limited were worth $713.35 million as of its most recent filing.
Canadian Natural Resources Limited Stock Down 7.2%
Shares of Canadian Natural Resources Limited ($CNQ) traded around $45.44 on Saturday, down 7.2% for the day.
Canadian Natural Resources Limited Earnings
Canadian Natural Resources Limited Dividend
Analysts Set New Price Targets
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.
Get Canadian Natural Resources Limited alerts
New 13F filings, insider trades, and analyst moves on $CNQ, sent to your inbox. Free, and you can unsubscribe anytime.
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.