9,222 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Purchased by Merit Financial Group LLC

Merit Financial Group LLC acquired a new position in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,222 shares of the oil and gas producer's stock, valued at approximately $285,000.

Several other institutional investors have also recently made changes to their positions in the business. Holocene Advisors LP bought a new position in Canadian Natural Resources in the 3rd quarter worth approximately $13,700,000. Lighthouse Investment Partners LLC bought a new position in shares of Canadian Natural Resources during the second quarter worth $890,000. Canoe Financial LP grew its stake in Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer's stock valued at $51,469,000 after acquiring an additional 1,074,199 shares in the last quarter. Cerity Partners LLC grew its stake in 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 valued at $15,057,000 after acquiring an additional 240,354 shares in the last quarter. Finally, Anson Funds Management LP increased its holdings in Canadian Natural Resources by 150.0% in the 3rd quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer's stock valued at $3,321,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 74.03% of the company's stock.

Canadian Natural Resources Price Performance

Shares of NYSE CNQ traded down $0.34 during midday trading on Friday, reaching $31.30. 4,850,022 shares of the stock traded hands, compared to its average volume of 5,075,739. The company's 50 day moving average is $31.96 and its 200 day moving average is $33.84. Canadian Natural Resources Limited has a one year low of $29.23 and a one year high of $41.29. The stock has a market capitalization of $65.82 billion, a PE ratio of 12.15 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued 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. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion during the quarter, compared to analysts' expectations of $6.40 billion. During the same period last year, the company posted $0.96 EPS. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

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, 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).