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

Mariner Investment Group LLC bought a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,000 shares of the oil and gas producer's stock, valued at approximately $926,000. Canadian Natural Resources makes up about 0.2% of Mariner Investment Group LLC's holdings, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Holocene Advisors LP acquired a new position in Canadian Natural Resources in the 3rd quarter valued at $13,700,000. SG Americas Securities LLC grew its stake in Canadian Natural Resources by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 296,424 shares of the oil and gas producer's stock valued at $9,151,000 after buying an additional 17,694 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in Canadian Natural Resources in the 2nd quarter valued at $890,000. Canoe Financial LP grew its stake in Canadian Natural Resources by 226.0% in the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after buying an additional 1,074,199 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Canadian Natural Resources by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer's stock valued at $15,057,000 after buying an additional 240,354 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Stock Performance

NYSE CNQ traded down $0.34 during midday trading on Monday, hitting $30.99. The company had a trading volume of 3,274,172 shares, compared to its average volume of 6,621,587. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $31.96 and a two-hundred day simple moving average of $33.83. Canadian Natural Resources Limited has a fifty-two week low of $29.23 and a fifty-two week high of $41.29. The stock has a market cap of $65.17 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) 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. Equities analysts forecast 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat, 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).