Baskin Financial Services Inc. Acquires 10,871 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Baskin Financial Services Inc. lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 996,151 shares of the oil and gas producer’s stock after purchasing an additional 10,871 shares during the quarter. Canadian Natural Resources accounts for 2.4% of Baskin Financial Services Inc.’s holdings, making the stock its 21st largest position. Baskin Financial Services Inc.’s holdings in Canadian Natural Resources were worth $30,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Holocene Advisors LP bought a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at $13,700,000. SG Americas Securities LLC raised its stake in Canadian Natural Resources by 6.3% in the fourth quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock valued at $9,151,000 after purchasing an additional 17,694 shares in the last quarter. Canoe Financial LP lifted its position in Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock worth $51,469,000 after purchasing an additional 1,074,199 shares during the period. Cerity Partners LLC grew its stake in Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock worth $15,057,000 after buying an additional 240,354 shares in the last quarter. Finally, Anson Funds Management LP increased its holdings in Canadian Natural Resources by 150.0% in the 3rd quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock valued at $3,321,000 after buying an additional 60,000 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of 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, the stock presently has an average rating of “Hold”.

Canadian Natural Resources Stock Down 1.9 %

Shares of NYSE CNQ opened at $30.37 on Monday. The stock has a 50-day moving average price of $31.62 and a two-hundred day moving average price of $33.65. Canadian Natural Resources Limited has a 12 month low of $29.23 and a 12 month high of $41.29. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company has a market cap of $63.86 billion, a price-to-earnings ratio of 11.79 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. The business had revenue of $7.62 billion during 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 quarter in the prior year, the firm earned $0.96 EPS. As a group, analysts forecast that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal year.

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).