Canadian Natural Resources Limited (NYSE:CNQ) Stock Holdings Lessened by Guinness Asset Management LTD

Guinness Asset Management LTD lowered its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,618 shares of the oil and gas producer's stock after selling 48,923 shares during the quarter. Guinness Asset Management LTD's holdings in Canadian Natural Resources were worth $10,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CNQ. Rhumbline Advisers grew its stake in shares of Canadian Natural Resources by 83.4% in the 2nd quarter. Rhumbline Advisers now owns 4,709 shares of the oil and gas producer's stock worth $168,000 after purchasing an additional 2,141 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Canadian Natural Resources by 157.4% during the second quarter. Federated Hermes Inc. now owns 8,352 shares of the oil and gas producer's stock worth $297,000 after buying an additional 5,107 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in Canadian Natural Resources by 128.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 13,230 shares of the oil and gas producer's stock worth $471,000 after buying an additional 7,449 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Canadian Natural Resources by 130.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 51,716 shares of the oil and gas producer's stock valued at $1,830,000 after buying an additional 29,278 shares in the last quarter. Finally, Blair William & Co. IL lifted its position in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. Blair William & Co. IL now owns 6,526 shares of the oil and gas producer's stock valued at $232,000 after acquiring an additional 3,348 shares during the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Trading Up 1.0 %

Shares of CNQ traded up $0.31 during midday trading on Monday, hitting $31.11. The stock had a trading volume of 5,819,543 shares, compared to its average volume of 3,709,238. The business has a 50-day simple moving average of $32.18 and a two-hundred day simple moving average of $33.98. The firm has a market cap of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a fifty-two week low of $29.23 and a fifty-two week high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last posted its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 18.45% and a return on equity of 20.07%. During the same quarter last year, the business posted $0.96 EPS. As a group, equities analysts forecast that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

Canadian Natural Resources Company 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).