Baskin Financial Services Inc. Purchases 10,871 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Baskin Financial Services Inc. grew its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 996,151 shares of the oil and gas producer’s stock after purchasing an additional 10,871 shares during the period. Canadian Natural Resources makes up approximately 2.4% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 21st largest holding. Baskin Financial Services Inc.’s holdings in Canadian Natural Resources were worth $30,736,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Continuum Advisory LLC lifted its stake 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 acquiring an additional 490 shares in the last quarter. R Squared Ltd bought a new stake in shares of Canadian Natural Resources in the fourth quarter worth $32,000. Coastline Trust Co acquired a new position in Canadian Natural Resources during the third quarter worth $33,000. Wilmington Savings Fund Society FSB bought a new position in Canadian Natural Resources in the third quarter valued at $37,000. Finally, Fifth Third Bancorp increased its stake in Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after buying an additional 429 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Canadian Natural Resources Stock Performance

NYSE CNQ opened at $30.37 on Monday. The firm has a market capitalization of $63.86 billion, a P/E ratio of 11.79 and a beta of 1.46. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average price is $31.62 and its two-hundred day moving average price is $33.65. Canadian Natural Resources Limited has a 1 year low of $29.23 and a 1 year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data 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. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, research analysts anticipate that Canadian Natural Resources Limited will post 2.44 EPS 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).