Code Waechter LLC Raises Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Code Waechter LLC boosted its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,544 shares of the oil and gas producer’s stock after buying an additional 688 shares during the quarter. Code Waechter LLC’s holdings in Canadian Natural Resources were worth $572,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Continuum Advisory LLC increased 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 worth $28,000 after acquiring an additional 490 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Canadian Natural Resources in the third quarter worth about $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources in the third quarter valued at approximately $37,000. Sound Income Strategies LLC bought a new stake in shares of Canadian Natural Resources in the third quarter valued at approximately $46,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Canadian Natural Resources by 58.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 3.5 %

CNQ stock opened at $31.60 on Tuesday. The stock has a 50-day simple moving average of $32.45 and a two-hundred day simple moving average of $34.12. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29. The firm has a market capitalization of $66.57 billion, a PE ratio of 12.27 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

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 for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, equities analysts predict that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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).