Canadian Natural Resources Limited (NYSE:CNQ) Shares Bought by Verity & Verity LLC

Verity & Verity LLC lifted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 297,487 shares of the oil and gas producer’s stock after purchasing an additional 31,935 shares during the quarter. Verity & Verity LLC’s holdings in Canadian Natural Resources were worth $9,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its holdings in Canadian Natural Resources by 83.4% in the 2nd quarter. Rhumbline Advisers now owns 4,709 shares of the oil and gas producer’s stock valued at $168,000 after buying an additional 2,141 shares during the period. American Century Companies Inc. grew its holdings in Canadian Natural Resources by 101.3% in the second quarter. American Century Companies Inc. now owns 675,293 shares of the oil and gas producer’s stock valued at $24,054,000 after purchasing an additional 339,896 shares during the period. Federated Hermes Inc. increased its position in Canadian Natural Resources by 157.4% during the second quarter. Federated Hermes Inc. now owns 8,352 shares of the oil and gas producer’s stock worth $297,000 after purchasing an additional 5,107 shares during the last quarter. Argent Trust Co increased its position in Canadian Natural Resources by 73.2% during the second quarter. Argent Trust Co now owns 18,492 shares of the oil and gas producer’s stock worth $658,000 after purchasing an additional 7,816 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in Canadian Natural Resources by 128.9% during the second 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 during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

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. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $31.11 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. Canadian Natural Resources Limited has a 1-year low of $29.23 and a 1-year high of $41.29. The firm has a market capitalization of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46. The business’s 50-day simple moving average is $32.24 and its 200-day simple moving average is $34.05.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share 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 firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same period in the previous year, the company posted $0.96 earnings per share. Equities analysts predict that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

Canadian Natural Resources 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).