5 Best TSX Stocks To Buy Right Now

4. Canadian Natural Resources Limited (NYSE:CNQ)

Number of Hedge Fund Holders: 42

Canadian Natural Resources Limited (NYSE:CNQ) is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids. The company was established in 1973, with its headquarters located in Calgary, Canada. It is one of the best TSX stocks to invest in. 

On July 12, UBS initiated coverage of Canadian Natural Resources Limited (NYSE:CNQ) with a Buy rating and a C$90 price target. According to UBS, Canadian Natural Resources Limited (NYSE:CNQ) is the leading operator in terms of cost efficiency and net back in oil sands mining and upgrading. The company’s assets, known for their long life and low decline rates, offer a competitive advantage compared to U.S. shale peers. 

According to Insider Monkey’s first quarter database, 42 hedge funds were bullish on Canadian Natural Resources Limited (NYSE:CNQ), compared to 41 funds in the preceding quarter. Donald Yacktman’s Yacktman Asset Management is the leading stakeholder of the company, with 15.2 million shares worth $842 million. 

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