Verity & Verity LLC Boosts Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Verity & Verity LLC grew its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 12.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 297,487 shares of the oil and gas producer's stock after acquiring an additional 31,935 shares during the period. Verity & Verity LLC's holdings in Canadian Natural Resources were worth $9,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its holdings in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. Coastline Trust Co bought a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at $33,000. Wilmington Savings Fund Society FSB bought a new position in Canadian Natural Resources during the third quarter worth $37,000. Sound Income Strategies LLC acquired a new position in shares of Canadian Natural Resources in the 3rd quarter valued at about $46,000. Finally, First Horizon Advisors Inc. lifted its stake in Canadian Natural Resources by 58.4% in the third quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 528 shares during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised shares of 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, the company currently has a consensus rating of "Hold".

Canadian Natural Resources Stock Up 1.0 %

Shares of NYSE:CNQ traded up $0.31 during mid-day trading on Friday, hitting $31.11. 5,819,543 shares of the company traded hands, compared to its average volume of 3,709,238. 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 50-day moving average price of $32.18 and a two-hundred day moving average price of $34.00. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The stock has a market cap of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm 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 period last year, the firm posted $0.96 EPS. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 2.42 earnings per share for the current 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).