Montrusco Bolton Investments Inc. Has $27.60 Million Position in Canadian Natural Resources Limited (NYSE:CNQ)

Montrusco Bolton Investments Inc. cut its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 894,468 shares of the oil and gas producer’s stock after selling 117,074 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Canadian Natural Resources were worth $27,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CNQ. Continuum Advisory LLC boosted its stake in shares of 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 period. R Squared Ltd bought a new position in Canadian Natural Resources during the fourth quarter worth $32,000. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources in the third quarter valued at $33,000. Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources in the third quarter valued at about $37,000. Finally, Fifth Third Bancorp lifted its stake in shares of Canadian Natural Resources by 51.0% during the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock worth $39,000 after buying an additional 429 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $30.43 on Wednesday. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The company’s 50 day moving average price is $31.84 and its two-hundred day moving average price is $33.75. The firm has a market cap of $63.99 billion, a PE ratio of 11.82 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21.

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 business had revenue of $7.62 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.96 earnings per share. Equities research analysts predict that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of 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, the company 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).