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

Addenda Capital Inc. trimmed its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,327,487 shares of the oil and gas producer’s stock after selling 83,673 shares during the period. Canadian Natural Resources accounts for about 3.3% of Addenda Capital Inc.’s portfolio, making the stock its 7th biggest holding. Addenda Capital Inc. owned approximately 0.11% of Canadian Natural Resources worth $71,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Moloney Securities Asset Management LLC lifted its holdings in Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC raised its position in shares of Canadian Natural Resources by 4.1% in the third quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after purchasing an additional 404 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Canadian Natural Resources by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 419 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of Canadian Natural Resources by 1.3% during the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after buying an additional 475 shares during the period. Finally, Continuum Advisory LLC grew its stake 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 valued at $28,000 after buying an additional 490 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Desjardins upgraded shares of 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, Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold”.

Canadian Natural Resources Stock Up 1.0 %

CNQ opened at $31.11 on Tuesday. The stock has a fifty day moving average of $32.18 and a 200-day moving average of $33.98. The company has a market capitalization of $65.44 billion, a P/E ratio of 12.08 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 issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping 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 business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the previous year, the company earned $0.96 EPS. On average, equities analysts expect that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

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).