Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,574 shares of the oil and gas producer’s stock after selling 421 shares during the period. Avior Wealth Management LLC’s holdings in Canadian Natural Resources were worth $666,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC grew its holdings in shares of Canadian Natural Resources by 5.4% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after purchasing an additional 376 shares during the period. Measured Wealth Private Client Group LLC grew its stake in Canadian Natural Resources by 4.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after buying an additional 404 shares during the period. Kingsview Wealth Management LLC grew its stake in Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock worth $300,000 after buying an additional 419 shares during the period. Pitcairn Co. increased its position in shares of Canadian Natural Resources by 1.3% in the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock worth $1,209,000 after acquiring an additional 475 shares in the last quarter. Finally, Continuum Advisory LLC raised its stake in shares of 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 acquiring an additional 490 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 1.1 %

NYSE CNQ opened at $31.30 on Friday. 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 Limited has a fifty-two week low of $29.23 and a fifty-two week high of $41.29. The business has a 50 day moving average price of $31.96 and a two-hundred day moving average price of $33.85. The stock has a market cap of $65.82 billion, a PE ratio of 12.15 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion for 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 quarter in the previous year, the firm posted $0.96 EPS. As a group, sell-side analysts predict that Canadian Natural Resources Limited will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

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 research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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).