Buttonwood Financial Advisors Inc. Sells 426 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Buttonwood Financial Advisors Inc. decreased its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,409 shares of the oil and gas producer’s stock after selling 426 shares during the quarter. Canadian Natural Resources makes up 1.3% of Buttonwood Financial Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Buttonwood Financial Advisors Inc.’s holdings in Canadian Natural Resources were worth $3,069,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC lifted its stake in shares of Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co bought a new position in Canadian Natural Resources in the third quarter worth approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Canadian Natural Resources during the 3rd quarter worth $37,000. Fifth Third Bancorp grew its position in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 429 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of Canadian Natural Resources in the 3rd quarter worth $46,000. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $31.30 on Monday. The firm’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $33.83. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The company has a market capitalization of $65.82 billion, a P/E ratio of 12.15 and a beta of 1.46. Canadian Natural Resources Limited has a 1-year low of $29.23 and a 1-year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for 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 previous year, the company earned $0.96 EPS. Research analysts expect that Canadian Natural Resources Limited will post 2.44 EPS for the current fiscal year.

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 investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

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).