Canadian Natural Resources Limited (NYSE:CNQ) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,424 shares of the oil and gas producer’s stock after buying an additional 17,694 shares during the quarter. SG Americas Securities LLC’s holdings in Canadian Natural Resources were worth $9,151,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Continuum Advisory LLC increased its holdings in shares of Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co bought a new position in Canadian Natural Resources in the 3rd quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the 3rd quarter valued at about $37,000. Sound Income Strategies LLC bought a new stake in shares of Canadian Natural Resources during the 3rd quarter worth about $46,000. Finally, First Horizon Advisors Inc. raised its position 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 worth $48,000 after buying an additional 528 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 0.2 %

Shares of CNQ stock opened at $31.59 on Friday. The stock has a 50-day simple moving average of $32.05 and a 200 day simple moving average of $33.90. The stock has a market capitalization of $66.44 billion, a P/E ratio of 12.27 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 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 quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 firm posted $0.96 EPS. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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).