Foster & Motley Inc. Trims Position in Canadian Natural Resources Limited (NYSE:CNQ)

Foster & Motley Inc. cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,546 shares of the oil and gas producer’s stock after selling 1,786 shares during the quarter. Foster & Motley Inc.’s holdings in Canadian Natural Resources were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Holocene Advisors LP purchased a new position in Canadian Natural Resources during the 3rd quarter worth approximately $13,700,000. SG Americas Securities LLC raised its position in Canadian Natural Resources by 6.3% during the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer’s stock worth $9,151,000 after buying an additional 17,694 shares during the last quarter. Canoe Financial LP raised its position in Canadian Natural Resources by 226.0% during the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock worth $51,469,000 after buying an additional 1,074,199 shares during the last quarter. Cerity Partners LLC raised its position in Canadian Natural Resources by 112.8% during the 3rd quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock worth $15,057,000 after buying an additional 240,354 shares during the last quarter. Finally, Anson Funds Management LP raised its position in Canadian Natural Resources by 150.0% during the 3rd quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock worth $3,321,000 after buying an additional 60,000 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $31.00 on Friday. The firm has a market cap of $65.21 billion, a price-to-earnings ratio of 12.04 and a beta of 1.46. The company has a 50 day moving average price of $31.78 and a 200-day moving average price of $33.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. 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 issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates 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 firm earned $0.96 EPS. Equities research analysts forecast that Canadian Natural Resources Limited will post 2.44 EPS for the current year.

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).