Mariner Investment Group LLC Makes New $926,000 Investment in Canadian Natural Resources Limited (NYSE:CNQ)

Mariner Investment Group LLC acquired a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 30,000 shares of the oil and gas producer’s stock, valued at approximately $926,000. Canadian Natural Resources accounts for about 0.2% of Mariner Investment Group LLC’s investment portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Canadian Natural Resources by 83.4% during the second quarter. Rhumbline Advisers now owns 4,709 shares of the oil and gas producer’s stock valued at $168,000 after acquiring an additional 2,141 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Canadian Natural Resources by 128.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 13,230 shares of the oil and gas producer’s stock valued at $471,000 after purchasing an additional 7,449 shares during the period. Sei Investments Co. lifted its holdings in Canadian Natural Resources by 119.1% in the 2nd quarter. Sei Investments Co. now owns 29,774 shares of the oil and gas producer’s stock worth $1,060,000 after purchasing an additional 16,182 shares in the last quarter. AXA S.A. boosted its stake in Canadian Natural Resources by 114.9% in the 2nd quarter. AXA S.A. now owns 57,522 shares of the oil and gas producer’s stock worth $2,048,000 after purchasing an additional 30,758 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Canadian Natural Resources during the 2nd quarter valued at approximately $276,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Stock Performance

NYSE:CNQ opened at $31.30 on Monday. The stock’s 50 day simple moving average is $31.96 and its two-hundred day simple moving average is $33.83. Canadian Natural Resources Limited has a 1 year low of $29.23 and a 1 year high of $41.29. 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 company has a market cap of $65.82 billion, a price-to-earnings ratio of 12.15 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal 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 analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average 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).