Dixon Mitchell Investment Counsel Inc. Buys 74,545 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Dixon Mitchell Investment Counsel Inc. grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,996,562 shares of the oil and gas producer’s stock after acquiring an additional 74,545 shares during the period. Canadian Natural Resources makes up 2.9% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 11th largest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Canadian Natural Resources were worth $62,409,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Moloney Securities Asset Management LLC increased its holdings in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after acquiring an additional 376 shares in the last quarter. Measured Wealth Private Client Group LLC increased its stake in Canadian Natural Resources by 4.1% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after purchasing an additional 404 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in Canadian Natural Resources by 4.9% during the 3rd 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. lifted its stake in 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 valued at $1,209,000 after buying an additional 475 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings 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 valued at $28,000 after buying an additional 490 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.3 %

NYSE:CNQ opened at $31.42 on Thursday. The stock has a 50-day simple moving average of $32.39 and a 200 day simple moving average of $34.09. Canadian Natural Resources Limited has a 52-week low of $29.23 and a 52-week high of $41.29. The company has a market cap of $66.08 billion, a PE ratio of 12.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

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, topping the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $6.40 billion. During the same period last year, the business earned $0.96 EPS. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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 analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold”.

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).