Stokes Capital Advisors LLC Purchases 3,383 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Stokes Capital Advisors LLC lifted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,684 shares of the oil and gas producer’s stock after purchasing an additional 3,383 shares during the period. Stokes Capital Advisors LLC’s holdings in Canadian Natural Resources were worth $5,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in CNQ. Continuum Advisory LLC grew its holdings in 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 valued at $28,000 after buying an additional 490 shares in the last quarter. Coastline Trust Co bought a new stake in shares of Canadian Natural Resources in the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources in the third quarter valued at about $37,000. Sound Income Strategies LLC acquired a new position in shares of Canadian Natural Resources in the third quarter valued at about $46,000. Finally, First Horizon Advisors Inc. increased its position in Canadian Natural Resources by 58.4% during the third quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 528 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $31.11 on Monday. The company has a market cap of $65.44 billion, a price-to-earnings ratio of 12.08 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 quick ratio of 0.53 and a current ratio of 0.84. The stock has a fifty day moving average price of $32.18 and a 200-day moving average price of $34.00.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.96 earnings per share. As a group, equities analysts anticipate that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal year.

Canadian Natural Resources Company 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).