Pacifica Partners Inc. Acquires 4,005 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Pacifica Partners Inc. raised its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,856 shares of the oil and gas producer’s stock after purchasing an additional 4,005 shares during the period. Canadian Natural Resources makes up about 2.4% of Pacifica Partners Inc.’s portfolio, making the stock its 11th largest holding. Pacifica Partners Inc.’s holdings in Canadian Natural Resources were worth $5,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Moloney Securities Asset Management LLC raised its position in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 376 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Canadian Natural Resources by 4.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after acquiring an additional 404 shares during the period. Kingsview Wealth Management LLC increased its stake in Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after acquiring an additional 419 shares during the period. Pitcairn Co. raised its holdings in Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after acquiring an additional 475 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 490 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources has a consensus rating of “Hold”.

Canadian Natural Resources Stock Down 0.1 %

NYSE CNQ opened at $31.49 on Wednesday. The business has a fifty day moving average price of $32.39 and a two-hundred day moving average price of $34.09. The stock has a market capitalization of $66.23 billion, a PE ratio of 12.23 and a beta of 1.46. Canadian Natural Resources Limited has a fifty-two week low of $29.23 and a fifty-two week high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal year.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).