Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Rempart Asset Management Inc.

Rempart Asset Management Inc. lowered its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 638,665 shares of the oil and gas producer’s stock after selling 10,355 shares during the quarter. Canadian Natural Resources makes up about 3.9% of Rempart Asset Management Inc.’s holdings, making the stock its 15th largest position. Rempart Asset Management Inc.’s holdings in Canadian Natural Resources were worth $19,674,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Moloney Securities Asset Management LLC raised its position 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 valued at $242,000 after buying an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC grew its stake in Canadian Natural Resources by 4.1% in 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 acquiring an additional 404 shares during the period. Kingsview Wealth Management LLC raised its holdings in Canadian Natural Resources by 4.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after acquiring an additional 419 shares during the last quarter. Pitcairn Co. raised its holdings in Canadian Natural Resources by 1.3% in the 3rd quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after acquiring an additional 475 shares during the last quarter. Finally, Continuum Advisory LLC lifted its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 490 shares during the period. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Canadian Natural Resources Trading Down 0.4 %

Canadian Natural Resources stock traded down $0.12 during trading on Wednesday, reaching $32.58. The company had a trading volume of 306,399 shares, compared to its average volume of 4,317,292. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market capitalization of $68.64 billion, a price-to-earnings ratio of 12.65 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 stock’s 50 day moving average price is $32.58 and its two-hundred day moving average price is $34.20.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced 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. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $0.96 EPS. As a group, equities analysts expect that Canadian Natural Resources Limited will post 2.47 earnings per share for the current fiscal 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).