Hilltop National Bank Has $129,000 Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Hilltop National Bank trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,182 shares of the oil and gas producer’s stock after selling 524 shares during the quarter. Hilltop National Bank’s holdings in Canadian Natural Resources were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CNQ. Rhumbline Advisers increased its stake in 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 valued at $168,000 after acquiring an additional 2,141 shares during the last quarter. Private Advisor Group LLC increased its stake in Canadian Natural Resources by 136.3% in the second quarter. Private Advisor Group LLC now owns 20,474 shares of the oil and gas producer’s stock valued at $729,000 after acquiring an additional 11,808 shares during the last quarter. Acadian Asset Management LLC increased its stake in Canadian Natural Resources by 2,250.4% in the second quarter. Acadian Asset Management LLC now owns 101,066 shares of the oil and gas producer’s stock valued at $3,598,000 after acquiring an additional 96,766 shares during the last quarter. Prudential PLC bought a new position in Canadian Natural Resources in the second quarter valued at approximately $253,000. Finally, Choreo LLC bought a new position in Canadian Natural Resources in the second quarter valued at approximately $746,000. 74.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $32.78 on Friday. The firm’s fifty day moving average price is $32.50 and its two-hundred day moving average price is $34.16. The stock has a market cap of $69.06 billion, a PE ratio of 12.73 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.

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. The firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.96 earnings per share. On average, equities analysts expect that Canadian Natural Resources Limited will post 2.47 EPS 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).