Clarius Group LLC Buys 702 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Clarius Group LLC raised its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 9.9% in the 4th quarter, HoldingsChannel reports. The firm owned 7,788 shares of the oil and gas producer’s stock after acquiring an additional 702 shares during the quarter. Clarius Group LLC’s holdings in Canadian Natural Resources were worth $240,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Galibier Capital Management Ltd. increased its position in Canadian Natural Resources by 2.2% in the 4th quarter. Galibier Capital Management Ltd. now owns 795,332 shares of the oil and gas producer’s stock valued at $24,542,000 after buying an additional 17,370 shares in the last quarter. Verity & Verity LLC grew its stake in Canadian Natural Resources by 12.0% in the fourth quarter. Verity & Verity LLC now owns 297,487 shares of the oil and gas producer’s stock valued at $9,183,000 after acquiring an additional 31,935 shares during the period. Merit Financial Group LLC acquired a new stake in Canadian Natural Resources in the fourth quarter valued at approximately $285,000. Eagle Rock Investment Company LLC increased its holdings in shares of Canadian Natural Resources by 0.9% during the fourth quarter. Eagle Rock Investment Company LLC now owns 61,351 shares of the oil and gas producer’s stock valued at $1,894,000 after acquiring an additional 555 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. raised its position in shares of Canadian Natural Resources by 3.9% during the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,996,562 shares of the oil and gas producer’s stock worth $62,409,000 after purchasing an additional 74,545 shares during the period. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 1.0 %

NYSE:CNQ opened at $31.11 on Monday. Canadian Natural Resources Limited has a 12 month low of $29.23 and a 12 month high of $41.29. 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 50 day moving average is $32.18 and its 200 day moving average is $34.00. The stock has a market capitalization of $65.44 billion, a PE ratio of 12.08 and a beta of 1.46.

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 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.30. The company had revenue of $7.62 billion for 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 prior year, the company posted $0.96 EPS. Sell-side analysts expect that Canadian Natural Resources Limited will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus 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).