Abel Hall LLC Buys Shares of 11,103 Canadian Natural Resources Limited (NYSE:CNQ)

Abel Hall LLC bought a new position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 11,103 shares of the oil and gas producer’s stock, valued at approximately $343,000.

Several other institutional investors have also modified their holdings of the stock. Continuum Advisory LLC raised its stake in Canadian Natural Resources by 144.1% during the third 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. R Squared Ltd purchased a new stake in shares of Canadian Natural Resources during the 4th quarter valued at approximately $32,000. Coastline Trust Co acquired a new position in Canadian Natural Resources in the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in Canadian Natural Resources in the third quarter worth approximately $37,000. Finally, Fifth Third Bancorp increased its stake in Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after acquiring an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $30.70 on Thursday. Canadian Natural Resources Limited has a one year low of $29.23 and a one year 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 firm’s 50 day moving average price is $31.84 and its 200-day moving average price is $33.75. The firm has a market cap of $64.56 billion, a P/E ratio of 11.92 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released 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 business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period last year, the business posted $0.96 earnings per share. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

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