Dixon Mitchell Investment Counsel Inc. Grows Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Dixon Mitchell Investment Counsel Inc. increased its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,996,562 shares of the oil and gas producer's stock after buying an additional 74,545 shares during the period. Canadian Natural Resources accounts for approximately 2.9% of Dixon Mitchell Investment Counsel Inc.'s portfolio, making the stock its 11th largest holding. Dixon Mitchell Investment Counsel Inc. owned approximately 0.09% of Canadian Natural Resources worth $62,409,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BluePath Capital Management LLC raised its position in shares of Canadian Natural Resources by 24.1% during the 4th quarter. BluePath Capital Management LLC now owns 22,877 shares of the oil and gas producer's stock valued at $721,000 after buying an additional 4,436 shares in the last quarter. Rockingstone Advisors LLC increased its stake in Canadian Natural Resources by 2.4% in the fourth quarter. Rockingstone Advisors LLC now owns 73,695 shares of the oil and gas producer's stock valued at $2,275,000 after acquiring an additional 1,760 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian Natural Resources by 420.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,685 shares of the oil and gas producer's stock valued at $145,000 after purchasing an additional 3,785 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Canadian Natural Resources by 5.7% during the fourth quarter. Park Avenue Securities LLC now owns 44,077 shares of the oil and gas producer's stock worth $1,361,000 after purchasing an additional 2,366 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Canadian Natural Resources by 6,902.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer's stock worth $112,763,000 after purchasing an additional 3,600,686 shares in the last quarter. Institutional investors own 74.03% of the company's stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Trading Down 2.3 %

Shares of CNQ stock traded down $0.74 on Thursday, hitting $30.77. 8,891,037 shares of the company's stock traded hands, compared to its average volume of 7,033,794. The stock has a market capitalization of $64.72 billion, a price-to-earnings ratio of 11.95 and a beta of 1.46. The company's fifty day simple moving average is $32.33 and its 200 day simple moving average is $34.07. Canadian Natural Resources Limited has a one year low of $29.23 and a one year high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to analysts' expectations 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 earned $0.96 earnings per share. Equities analysts forecast that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

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).