Crossmark Global Holdings Inc. Cuts Stake in Canadian Natural Resources Limited (NYSE:CNQ)

Crossmark Global Holdings Inc. trimmed its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 430,845 shares of the oil and gas producer’s stock after selling 9,551 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Canadian Natural Resources were worth $13,300,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Stokes Capital Advisors LLC lifted its holdings in Canadian Natural Resources by 2.0% in the fourth quarter. Stokes Capital Advisors LLC now owns 174,684 shares of the oil and gas producer’s stock valued at $5,392,000 after acquiring an additional 3,383 shares during the period. Clarius Group LLC grew its position in Canadian Natural Resources by 9.9% during the fourth quarter. Clarius Group LLC now owns 7,788 shares of the oil and gas producer’s stock worth $240,000 after buying an additional 702 shares during the period. Galibier Capital Management Ltd. grew its position in Canadian Natural Resources by 2.2% during the fourth quarter. Galibier Capital Management Ltd. now owns 795,332 shares of the oil and gas producer’s stock worth $24,542,000 after buying an additional 17,370 shares during the period. Verity & Verity LLC increased its holdings in Canadian Natural Resources by 12.0% in the fourth quarter. Verity & Verity LLC now owns 297,487 shares of the oil and gas producer’s stock valued at $9,183,000 after buying an additional 31,935 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Canadian Natural Resources during the 4th quarter worth approximately $285,000. Institutional investors and hedge funds own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four equities 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 Trading Up 1.0 %

Shares of CNQ opened at $31.11 on Tuesday. 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 stock has a market cap of $65.44 billion, a price-to-earnings ratio of 12.08 and a beta of 1.46. The firm has a 50 day simple moving average of $32.18 and a 200-day simple moving average of $33.98.

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 (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same period in the prior year, the business earned $0.96 earnings per share. Equities analysts forecast that Canadian Natural Resources Limited will post 2.42 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).