Simon Quick Advisors LLC Has $203,000 Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Simon Quick Advisors LLC lowered its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 30.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,585 shares of the oil and gas producer’s stock after selling 2,847 shares during the quarter. Simon Quick Advisors LLC’s holdings in Canadian Natural Resources were worth $203,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Continuum Advisory LLC grew its stake in shares of Canadian Natural Resources by 144.1% in the third 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 acquired a new position in Canadian Natural Resources during the 3rd quarter valued at $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources in the 3rd quarter worth $37,000. Sound Income Strategies LLC bought a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $46,000. Finally, First Horizon Advisors Inc. raised its position in shares of Canadian Natural Resources by 58.4% during the third quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock valued at $48,000 after buying an additional 528 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Down 1.1 %

CNQ opened at $31.30 on Friday. The company has a market capitalization of $65.82 billion, a P/E ratio of 12.15 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The firm’s fifty day moving average price is $32.00 and its two-hundred day moving average price is $33.88. Canadian Natural Resources Limited has a fifty-two week low of $29.23 and a fifty-two week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts anticipate that Canadian Natural Resources Limited will post 2.44 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Desjardins raised 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, Based on data from MarketBeat, the stock currently 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).