Canadian Natural Resources Limited (NYSE:CNQ) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,077 shares of the oil and gas producer’s stock after buying an additional 2,366 shares during the quarter. Park Avenue Securities LLC’s holdings in Canadian Natural Resources were worth $1,361,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Continuum Advisory LLC increased its holdings 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 purchasing an additional 490 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Canadian Natural Resources during the 3rd quarter valued at about $37,000. Sound Income Strategies LLC acquired a new position in Canadian Natural Resources during the 3rd quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. boosted its holdings in Canadian Natural Resources by 58.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 528 shares during the period. Institutional investors and hedge funds 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 report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Canadian Natural Resources Trading Up 1.0 %

Shares of CNQ opened at $31.11 on Monday. Canadian Natural Resources Limited has a one year low of $29.23 and a one year high of $41.29. The stock has a 50-day moving average price of $32.18 and a 200 day moving average price of $34.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. 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 (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the prior year, the business posted $0.96 EPS. Sell-side analysts forecast that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal 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).