Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Addenda Capital Inc.

Addenda Capital Inc. decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,327,487 shares of the oil and gas producer’s stock after selling 83,673 shares during the quarter. Canadian Natural Resources accounts for 3.3% of Addenda Capital Inc.’s portfolio, making the stock its 7th largest holding. Addenda Capital Inc.’s holdings in Canadian Natural Resources were worth $71,850,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNQ. Mackenzie Financial Corp lifted its holdings in shares of Canadian Natural Resources by 90.3% during the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock worth $1,069,338,000 after acquiring an additional 14,246,978 shares during the period. The Manufacturers Life Insurance Company raised its position in Canadian Natural Resources by 102.3% during the second quarter. The Manufacturers Life Insurance Company now owns 27,084,649 shares of the oil and gas producer’s stock valued at $963,348,000 after purchasing an additional 13,694,741 shares in the last quarter. Toronto Dominion Bank lifted its stake in Canadian Natural Resources by 254.7% during the second quarter. Toronto Dominion Bank now owns 18,501,417 shares of the oil and gas producer’s stock worth $658,650,000 after purchasing an additional 13,284,985 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Canadian Natural Resources by 110.5% in the 2nd quarter. Legal & General Group Plc now owns 12,285,093 shares of the oil and gas producer’s stock valued at $437,507,000 after purchasing an additional 6,449,815 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Canadian Natural Resources by 123.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer’s stock valued at $317,766,000 after purchasing an additional 4,920,000 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Trading Up 1.0 %

Shares of Canadian Natural Resources stock opened at $31.11 on Tuesday. The firm’s 50 day moving average is $32.18 and its 200 day moving average is $33.98. The firm has a market capitalization of $65.44 billion, a PE ratio of 12.08 and a beta of 1.46. Canadian Natural Resources Limited has a 1 year low of $29.23 and a 1 year 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.

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. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.42 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 research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently 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).