Rockingstone Advisors LLC Buys 1,760 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Rockingstone Advisors LLC increased its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,695 shares of the oil and gas producer’s stock after acquiring an additional 1,760 shares during the period. Rockingstone Advisors LLC’s holdings in Canadian Natural Resources were worth $2,275,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CNQ. Moloney Securities Asset Management LLC grew its holdings in Canadian Natural Resources by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares during the period. Measured Wealth Private Client Group LLC increased its holdings in shares of Canadian Natural Resources by 4.1% in the third quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after purchasing an additional 404 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Canadian Natural Resources by 4.9% in the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after purchasing an additional 419 shares during the last quarter. Pitcairn Co. raised its position in shares of Canadian Natural Resources by 1.3% in the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after purchasing an additional 475 shares during the period. Finally, Continuum Advisory LLC lifted its stake 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 worth $28,000 after buying an additional 490 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Desjardins raised 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.com, Canadian Natural Resources currently has a consensus rating of “Hold”.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at $31.48 on Thursday. The business has a fifty day simple moving average of $32.39 and a 200 day simple moving average of $34.09. The company has a market cap of $66.21 billion, a P/E ratio of 12.23 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its 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 firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, sell-side analysts forecast that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Canadian Natural Resources Profile

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).