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

Ritholtz Wealth Management decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,111 shares of the oil and gas producer's stock after selling 11,121 shares during the period. Ritholtz Wealth Management's holdings in Canadian Natural Resources were worth $2,874,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CNQ. Dixon Mitchell Investment Counsel Inc. grew its holdings in shares of Canadian Natural Resources by 3.9% in the fourth quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,996,562 shares of the oil and gas producer's stock valued at $62,409,000 after purchasing an additional 74,545 shares in the last quarter. BluePath Capital Management LLC grew its stake in shares of Canadian Natural Resources by 24.1% in the 4th quarter. BluePath Capital Management LLC now owns 22,877 shares of the oil and gas producer's stock worth $721,000 after buying an additional 4,436 shares in the last quarter. Rockingstone Advisors LLC increased its holdings in shares of Canadian Natural Resources by 2.4% in the 4th quarter. Rockingstone Advisors LLC now owns 73,695 shares of the oil and gas producer's stock worth $2,275,000 after buying an additional 1,760 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian Natural Resources by 420.6% during the 4th 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 buying an additional 3,785 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Canadian Natural Resources by 5.7% in the 4th quarter. Park Avenue Securities LLC now owns 44,077 shares of the oil and gas producer's stock valued at $1,361,000 after acquiring an additional 2,366 shares during the last quarter. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Desjardins upgraded 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.com, the stock currently has an average rating of "Hold".

Canadian Natural Resources Stock Up 1.0 %

CNQ stock traded up $0.31 during trading on Friday, hitting $31.11. 5,819,543 shares of the company's stock traded hands, compared to its average volume of 3,709,238. The firm has a market capitalization of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a 1 year low of $29.23 and a 1 year high of $41.29. The business has a fifty day simple moving average of $32.18 and a two-hundred day simple moving average of $34.01.

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 earnings per share 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 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 quarter last year, the firm earned $0.96 EPS. Sell-side analysts anticipate 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).