FMR LLC & Abigail Johnson Trim Canadian Natural Resources Stake to 4.14%
Ticker: CNQ · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1017413
| Field | Detail |
|---|---|
| Company | Canadian Natural Resources LTD (CNQ) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, energy, passive-investment
TL;DR
**FMR LLC and Abigail Johnson now own 4.14% of Canadian Natural Resources, a slight dip.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Canadian Natural Resources Ltd. As of February 9, 2024, they collectively beneficially own 44,856,541 shares, representing 4.140% of the company's common stock. This filing indicates a slight decrease in their percentage ownership from a previous filing, which could signal a minor shift in their investment strategy or simply be a result of share dilution.
Why It Matters
This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can sometimes signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Risk Assessment
Risk Level: low — A minor change in institutional ownership percentage, especially from a large fund, typically poses a low risk to the average investor.
Analyst Insight
An investor should note this minor adjustment in institutional ownership but not overreact. It's prudent to monitor future filings from FMR LLC and other major institutions for more significant changes that could signal a stronger trend.
Key Numbers
- 44,856,541 — Shares Beneficially Owned (Total common stock shares of Canadian Natural Resources Ltd owned by FMR LLC and Abigail P. Johnson.)
- 4.140% — Percent of Class (The percentage of Canadian Natural Resources Ltd's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- CANADIAN NATURAL RESOURCES LTD (company) — the issuer of the securities
- 44,856,541 (dollar_amount) — total shares beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially slightly reduced, stake in Canadian Natural Resources Ltd over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What is the total number of shares of CANADIAN NATL RESOURCES LTD common stock beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 44,856,541 shares of common stock, as indicated in Item 7 and Item 9 for both reporting persons, and Item 4(a) for FMR LLC.
What percentage of CANADIAN NATL RESOURCES LTD's common stock do the reporting persons collectively own?
The reporting persons collectively own 4.140% of the common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b) for FMR LLC.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further explained in Item 3.
What is the CUSIP number for the common stock of CANADIAN NATL RESOURCES LTD?
The CUSIP number for the common stock is 136385101, as listed under 'Cusip #136385101' and in Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CANADIAN NATURAL RESOURCES LTD (CNQ).