Canadian Natural Resources Limited (NYSE:CNQ) Holdings Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.3% during the fourth quarter, HoldingsChannel reports. The firm owned 296,424 shares of the oil and gas producer’s stock after acquiring an additional 17,694 shares during the period. SG Americas Securities LLC’s holdings in Canadian Natural Resources were worth $9,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers increased its position in shares of Canadian Natural Resources by 83.4% in the second quarter. Rhumbline Advisers now owns 4,709 shares of the oil and gas producer’s stock worth $168,000 after acquiring an additional 2,141 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Canadian Natural Resources by 128.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,230 shares of the oil and gas producer’s stock worth $471,000 after purchasing an additional 7,449 shares in the last quarter. Blair William & Co. IL raised its stake in Canadian Natural Resources by 105.3% during the 2nd quarter. Blair William & Co. IL now owns 6,526 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 3,348 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Canadian Natural Resources by 57.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,255 shares of the oil and gas producer’s stock valued at $151,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Canadian Natural Resources by 119.1% in the second quarter. Sei Investments Co. now owns 29,774 shares of the oil and gas producer’s stock valued at $1,060,000 after purchasing an additional 16,182 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

CNQ stock opened at $31.59 on Friday. The stock has a market cap of $66.44 billion, a P/E ratio of 12.27 and a beta of 1.46. 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 firm has a 50 day simple moving average of $32.05 and a 200 day simple moving average of $33.90. Canadian Natural Resources Limited has a 52 week low of $29.23 and a 52 week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued 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. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the business posted $0.96 EPS. Research analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources currently has an average 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).