Jamison Private Wealth Management Inc. Increases Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Jamison Private Wealth Management Inc. lifted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 117.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,719 shares of the oil and gas producer’s stock after acquiring an additional 6,319 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Canadian Natural Resources were worth $362,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund grew its position in Canadian Natural Resources by 123.0% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer’s stock valued at $317,766,000 after acquiring an additional 4,920,000 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Canadian Natural Resources by 6,902.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock valued at $112,763,000 after acquiring an additional 3,600,686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Canadian Natural Resources by 73.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 7,834,264 shares of the oil and gas producer’s stock valued at $260,116,000 after acquiring an additional 3,312,442 shares in the last quarter. National Bank of Canada FI grew its position in Canadian Natural Resources by 63.5% in the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock valued at $273,417,000 after acquiring an additional 3,198,007 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Canadian Natural Resources by 3.9% in the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock valued at $1,447,326,000 after acquiring an additional 1,651,452 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $31.30 on Monday. The business’s fifty day moving average price is $31.96 and its 200 day moving average price is $33.84. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The stock has a market capitalization of $65.82 billion, a PE ratio of 12.15 and a beta of 1.46. 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 earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) 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 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 2.44 EPS for the current 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).