Galibier Capital Management Ltd. Purchases 17,370 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Galibier Capital Management Ltd. boosted its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 795,332 shares of the oil and gas producer's stock after buying an additional 17,370 shares during the period. Canadian Natural Resources makes up approximately 7.0% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 4th largest position. Galibier Capital Management Ltd.'s holdings in Canadian Natural Resources were worth $24,542,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CNQ. Continuum Advisory LLC increased its stake 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 acquired 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 shares of Canadian Natural Resources in the 3rd quarter valued at $37,000. Sound Income Strategies LLC acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth $46,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Canadian Natural Resources by 58.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer's stock worth $48,000 after buying an additional 528 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Desjardins upgraded 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 data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Hold".

Canadian Natural Resources Price Performance

Shares of NYSE CNQ traded up $0.31 during midday trading on Friday, reaching $31.11. 5,819,543 shares of the company were exchanged, compared to its average volume of 3,709,238. The stock's 50-day moving average price is $32.18 and its 200-day moving average price is $34.00. 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 Limited has a one year low of $29.23 and a one year 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.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings data 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. The company 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 last year, the business posted $0.96 EPS. On average, sell-side analysts anticipate that Canadian Natural Resources Limited will post 2.42 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).