Sharp Financial Services LLC Sells 8,060 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Sharp Financial Services LLC cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,040 shares of the oil and gas producer’s stock after selling 8,060 shares during the quarter. Sharp Financial Services LLC’s holdings in Canadian Natural Resources were worth $588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNQ. Continuum Advisory LLC grew its holdings in 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 acquiring an additional 490 shares during the last quarter. Coastline Trust Co bought a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $37,000. Sound Income Strategies LLC bought a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. grew its holdings in Canadian Natural Resources by 58.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 528 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Down 1.0 %

Shares of NYSE CNQ opened at $31.54 on Thursday. The company has a market capitalization of $66.34 billion, a P/E ratio of 12.25 and a beta of 1.46. Canadian Natural Resources Limited has a 52-week low of $29.23 and a 52-week high of $41.29. 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 company’s 50 day moving average price is $32.08 and its 200-day moving average price is $33.92.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $0.96 EPS. Equities analysts forecast that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Canadian Natural Resources 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).