Abel Hall LLC Acquires New Shares in Canadian Natural Resources Limited (NYSE:CNQ)

Abel Hall LLC purchased a new stake in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,103 shares of the oil and gas producer's stock, valued at approximately $343,000.

A number of other large investors have also added to or reduced their stakes in CNQ. R Squared Ltd bought a new position in Canadian Natural Resources during the 4th quarter worth $32,000. Mariner Investment Group LLC bought a new position in Canadian Natural Resources during the 4th quarter worth $926,000. Blue Trust Inc. increased its position in Canadian Natural Resources by 40.1% during the 4th quarter. Blue Trust Inc. now owns 7,033 shares of the oil and gas producer's stock worth $234,000 after buying an additional 2,014 shares during the period. Jamison Private Wealth Management Inc. increased its position in Canadian Natural Resources by 117.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 11,719 shares of the oil and gas producer's stock worth $362,000 after buying an additional 6,319 shares during the period. Finally, Fifth Third Bancorp increased its position in 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 period. Institutional investors own 74.03% of the company's stock.

Analysts Set New Price Targets

Separately, Desjardins upgraded Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Canadian Natural Resources Price Performance

Shares of CNQ traded down $0.30 during trading hours on Monday, hitting $30.05. 8,707,963 shares of the company were exchanged, compared to its average volume of 6,733,025. The company has a market cap of $63.19 billion, a price-to-earnings ratio of 11.67 and a beta of 1.45. Canadian Natural Resources Limited has a fifty-two week low of $28.65 and a fifty-two week high of $41.29. 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's fifty day moving average is $31.62 and its 200 day moving average is $33.63.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion for 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 period in the prior year, the firm posted $0.96 EPS. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current fiscal year.

Canadian Natural Resources 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).