Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,111 shares of the oil and gas producer’s stock after selling 11,121 shares during the quarter. Ritholtz Wealth Management’s holdings in Canadian Natural Resources were worth $2,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Canadian Natural Resources by 3.9% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,996,562 shares of the oil and gas producer’s stock valued at $62,409,000 after buying an additional 74,545 shares during the period. BluePath Capital Management LLC lifted its holdings in Canadian Natural Resources by 24.1% in the fourth quarter. BluePath Capital Management LLC now owns 22,877 shares of the oil and gas producer’s stock valued at $721,000 after acquiring an additional 4,436 shares during the last quarter. Rockingstone Advisors LLC grew its position in Canadian Natural Resources by 2.4% in the fourth quarter. Rockingstone Advisors LLC now owns 73,695 shares of the oil and gas producer’s stock worth $2,275,000 after acquiring an additional 1,760 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian Natural Resources by 420.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,685 shares of the oil and gas producer’s stock worth $145,000 after acquiring an additional 3,785 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Canadian Natural Resources by 5.7% in the fourth quarter. Park Avenue Securities LLC now owns 44,077 shares of the oil and gas producer’s stock valued at $1,361,000 after purchasing an additional 2,366 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $31.11 on Friday. 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 quick ratio of 0.53 and a current ratio of 0.84. The company has a 50 day moving average price of $32.24 and a 200 day moving average price of $34.05. The stock has a market capitalization of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates 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 period last year, the business posted $0.96 earnings per share. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

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

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).