Stokes Capital Advisors LLC Acquires 3,383 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Stokes Capital Advisors LLC boosted its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 174,684 shares of the oil and gas producer’s stock after acquiring an additional 3,383 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Canadian Natural Resources were worth $5,392,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNQ. Holocene Advisors LP acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $13,700,000. Lighthouse Investment Partners LLC bought a new position in Canadian Natural Resources in the 2nd quarter valued at approximately $890,000. Canoe Financial LP boosted its position in Canadian Natural Resources by 226.0% in the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock valued at $51,469,000 after buying an additional 1,074,199 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock worth $15,057,000 after buying an additional 240,354 shares during the last quarter. Finally, Anson Funds Management LP increased its holdings in shares of Canadian Natural Resources by 150.0% during the third quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock worth $3,321,000 after buying an additional 60,000 shares in the last quarter. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

Separately, Desjardins upgraded 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, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Canadian Natural Resources Stock Up 1.0 %

Shares of NYSE:CNQ opened at $31.11 on Monday. The firm has a market cap of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The business has a fifty day simple moving average of $32.18 and a 200 day simple moving average of $34.00. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share 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 quarter in the prior year, the firm posted $0.96 earnings per share. Analysts predict that Canadian Natural Resources Limited will post 2.42 earnings per share 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).