Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Dakota Wealth Management

Dakota Wealth Management cut its position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,429 shares of the oil and gas producer's stock after selling 34,678 shares during the period. Dakota Wealth Management's holdings in Canadian Natural Resources were worth $4,119,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CNQ. Holocene Advisors LP purchased a new stake in Canadian Natural Resources in the third quarter valued at approximately $13,700,000. Lighthouse Investment Partners LLC purchased a new stake in shares of Canadian Natural Resources in the 2nd quarter valued at $890,000. Canoe Financial LP increased its stake in shares of Canadian Natural Resources by 226.0% in the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock worth $51,469,000 after acquiring an additional 1,074,199 shares during the period. Cerity Partners LLC raised its holdings in shares of Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer's stock worth $15,057,000 after purchasing an additional 240,354 shares during the last quarter. Finally, Anson Funds Management LP lifted its position in Canadian Natural Resources by 150.0% during the third quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer's stock valued at $3,321,000 after purchasing an additional 60,000 shares during the period. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE CNQ traded up $0.06 during midday trading on Thursday, reaching $31.59. 9,621,736 shares of the stock were exchanged, compared to its average volume of 7,020,124. 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 market cap of $66.44 billion, a price-to-earnings ratio of 12.27 and a beta of 1.46. The firm has a 50-day simple moving average of $32.05 and a two-hundred day simple moving average of $33.90. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS 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 analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter last year, the business earned $0.96 earnings per share. As a group, analysts anticipate that Canadian Natural Resources Limited will post 2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Desjardins raised 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, Based on data from MarketBeat, the company has an average rating of "Hold".

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).