Buttonwood Financial Advisors Inc. Cuts Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Buttonwood Financial Advisors Inc. lowered its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,409 shares of the oil and gas producer’s stock after selling 426 shares during the quarter. Canadian Natural Resources comprises approximately 1.3% of Buttonwood Financial Advisors Inc.’s holdings, making the stock its 21st largest holding. Buttonwood Financial Advisors Inc.’s holdings in Canadian Natural Resources were worth $3,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position in shares of Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 490 shares in the last quarter. Coastline Trust Co bought a new stake in Canadian Natural Resources in the 3rd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Canadian Natural Resources during the 3rd quarter worth approximately $37,000. Fifth Third Bancorp boosted its position in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 429 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in Canadian Natural Resources during the third quarter valued at $46,000. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Hold”.

Canadian Natural Resources Stock Performance

CNQ stock opened at $31.30 on Monday. The firm has a market cap of $65.82 billion, a price-to-earnings ratio of 12.15 and a beta of 1.46. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $31.96 and its two-hundred day simple moving average is $33.83.

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 analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to analyst estimates 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 previous year, the business earned $0.96 earnings per share. Analysts predict that Canadian Natural Resources Limited will post 2.44 earnings per share 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).