JPMorgan Chase & Co. significantly reduced its stake in Canadian Natural Resources (NYSE:CNQ) by 0.3% in Q3, selling 44,844 shares but still retaining over 14 million shares worth approximately $449 million. Despite this, other major institutions like Vanguard and Fisher Asset Management increased their holdings, indicating strong institutional interest with 74.03% ownership. Wall Street analysts currently rate CNQ as a “Hold” with an average price target of $48.50, while the stock trades around $41.73.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Canadian Natural Resources Limited $CNQ Shares Sold by JPMorgan Chase & Co.
JPMorgan Chase & Co. significantly reduced its stake in Canadian Natural Resources (NYSE:CNQ) by 0.3% in Q3, selling 44,844 shares but still retaining over 14 million shares worth approximately $449 million. Despite this, other major institutions like Vanguard and Fisher Asset Management increased their holdings, indicating strong institutional interest with 74.03% ownership. Wall Street analysts currently rate CNQ as a “Hold” with an average price target of $48.50, while the stock trades around $41.73.