Montrusco Bolton Investments Inc. Sells 117,074 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Montrusco Bolton Investments Inc. lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 894,468 shares of the oil and gas producer's stock after selling 117,074 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Canadian Natural Resources were worth $27,602,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC raised its position in shares of Canadian Natural Resources by 144.1% in the 3rd 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 period. R Squared Ltd acquired a new stake in shares of Canadian Natural Resources in the 4th quarter valued at approximately $32,000. Coastline Trust Co acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at approximately $37,000. Finally, Fifth Third Bancorp raised its position in shares of Canadian Natural Resources by 51.0% in the 4th quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer's stock valued at $39,000 after acquiring an additional 429 shares during the period. Institutional investors own 74.03% of the company's stock.

Wall Street Analyst Weigh In

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

Canadian Natural Resources Stock Down 1.9 %

CNQ stock traded down $0.59 during mid-day trading on Friday, hitting $30.37. 11,094,643 shares of the company were exchanged, compared to its average volume of 5,746,117. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market cap of $63.86 billion, a P/E ratio of 11.79 and a beta of 1.46. The firm's 50 day simple moving average is $31.62 and its 200 day simple moving average is $33.66. Canadian Natural Resources Limited has a 1-year low of $29.23 and a 1-year high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $0.96 EPS. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 2.44 EPS for the current fiscal 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).