MassMutual Private Wealth & Trust FSB Sells 339 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

MassMutual Private Wealth & Trust FSB lessened its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,035 shares of the oil and gas producer’s stock after selling 339 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Canadian Natural Resources were worth $94,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Stokes Capital Advisors LLC raised its holdings in Canadian Natural Resources by 2.0% in the 4th 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 in the last quarter. Clarius Group LLC raised its stake in shares of Canadian Natural Resources by 9.9% in the fourth quarter. Clarius Group LLC now owns 7,788 shares of the oil and gas producer’s stock valued at $240,000 after purchasing an additional 702 shares in the last quarter. Galibier Capital Management Ltd. lifted its position in Canadian Natural Resources by 2.2% in 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 purchasing an additional 17,370 shares during the period. Verity & Verity LLC boosted its stake in Canadian Natural Resources by 12.0% during the fourth quarter. Verity & Verity LLC now owns 297,487 shares of the oil and gas producer’s stock worth $9,183,000 after buying an additional 31,935 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at $285,000. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 research analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources has a consensus rating of “Hold”.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $31.59 on Friday. The stock has a market capitalization of $66.44 billion, a price-to-earnings ratio of 12.27 and a beta of 1.46. The business’s fifty day moving average price is $32.05 and its two-hundred day moving average price is $33.90. 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 current ratio of 0.84 and a quick ratio of 0.53.

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 (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same period last year, the firm posted $0.96 EPS. As a group, analysts predict that Canadian Natural Resources Limited will post 2.44 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).