FNY Investment Advisers LLC Purchases Shares of 8,400 Canadian Natural Resources Limited (NYSE:CNQ)

FNY Investment Advisers LLC purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 8,400 shares of the oil and gas producer’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Canadian Natural Resources by 83.4% in the second quarter. Rhumbline Advisers now owns 4,709 shares of the oil and gas producer’s stock worth $168,000 after purchasing an additional 2,141 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Canadian Natural Resources by 136.3% in the 2nd quarter. Private Advisor Group LLC now owns 20,474 shares of the oil and gas producer’s stock worth $729,000 after purchasing an additional 11,808 shares in the last quarter. American Century Companies Inc. grew its stake in Canadian Natural Resources by 101.3% during the 2nd quarter. American Century Companies Inc. now owns 675,293 shares of the oil and gas producer’s stock worth $24,054,000 after buying an additional 339,896 shares during the last quarter. BOKF NA grew its stake in Canadian Natural Resources by 316.2% during the 2nd quarter. BOKF NA now owns 3,138 shares of the oil and gas producer’s stock worth $112,000 after buying an additional 2,384 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Canadian Natural Resources by 157.4% during the 2nd quarter. Federated Hermes Inc. now owns 8,352 shares of the oil and gas producer’s stock valued at $297,000 after buying an additional 5,107 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised 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, According to MarketBeat, Canadian Natural Resources has a consensus rating of “Hold”.

Canadian Natural Resources Trading Down 0.1 %

NYSE CNQ opened at $31.49 on Wednesday. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The company has a fifty day simple moving average of $32.39 and a two-hundred day simple moving average of $34.09. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The stock has a market cap of $66.23 billion, a P/E ratio of 12.23 and a beta of 1.46.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 20.07% and a net margin of 18.45%. During the same quarter last year, the business posted $0.96 EPS. On average, analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share 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).