Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Sharp Financial Services LLC

Sharp Financial Services LLC cut its holdings in Canadian Natural Resources Limited (NYSE:CNQ - Free Report) TSE: CNQ by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,040 shares of the oil and gas producer's stock after selling 8,060 shares during the period. Sharp Financial Services LLC's holdings in Canadian Natural Resources were worth $588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CNQ. Mackenzie Financial Corp boosted its position in shares of Canadian Natural Resources by 90.3% in the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer's stock worth $1,069,338,000 after buying an additional 14,246,978 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Canadian Natural Resources by 102.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,084,649 shares of the oil and gas producer's stock valued at $963,348,000 after purchasing an additional 13,694,741 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Canadian Natural Resources by 254.7% in the 2nd quarter. Toronto Dominion Bank now owns 18,501,417 shares of the oil and gas producer's stock valued at $658,650,000 after purchasing an additional 13,284,985 shares in the last quarter. Legal & General Group Plc lifted its holdings in Canadian Natural Resources by 110.5% in the 2nd quarter. Legal & General Group Plc now owns 12,285,093 shares of the oil and gas producer's stock valued at $437,507,000 after purchasing an additional 6,449,815 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Canadian Natural Resources by 123.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,920,000 shares of the oil and gas producer's stock valued at $317,766,000 after purchasing an additional 4,920,000 shares in the last quarter. 74.03% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Natural Resources Trading Up 0.2 %

NYSE:CNQ traded up $0.06 on Thursday, reaching $31.59. The stock had a trading volume of 9,621,736 shares, compared to its average volume of 7,020,124. The company has a market cap of $66.44 billion, a price-to-earnings ratio of 12.27 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. The firm's fifty day moving average is $32.05 and its two-hundred day moving average is $33.90. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last released its earnings results 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. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same period in the prior year, the firm earned $0.96 EPS. Equities analysts expect that Canadian Natural Resources Limited will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat, the company presently 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).