JTC Employer Solutions Trustee Ltd Purchases 2,000 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

JTC Employer Solutions Trustee Ltd grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 100.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,000 shares of the oil and gas producer’s stock after acquiring an additional 2,000 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Canadian Natural Resources were worth $121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. American Trust bought a new position in shares of Canadian Natural Resources during the 3rd quarter valued at approximately $2,345,000. Synovus Financial Corp bought a new position in shares of Canadian Natural Resources during the 3rd quarter valued at approximately $219,000. Tidal Investments LLC boosted its position in shares of Canadian Natural Resources by 55.0% during the 3rd quarter. Tidal Investments LLC now owns 26,832 shares of the oil and gas producer’s stock valued at $891,000 after acquiring an additional 9,526 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Canadian Natural Resources during the 3rd quarter valued at approximately $37,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Canadian Natural Resources by 88.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 184,910 shares of the oil and gas producer’s stock valued at $6,442,000 after acquiring an additional 87,021 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Price Performance

CNQ remained flat at $32.74 during trading on Monday. The company had a trading volume of 1,984,786 shares, compared to its average volume of 4,523,213. The company has a market capitalization of $68.97 billion, a PE ratio of 12.71 and a beta of 1.46. The business’s 50 day moving average is $32.50 and its 200 day moving average is $34.15. Canadian Natural Resources Limited has a 12 month low of $29.23 and a 12 month high of $41.29. 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 (NYSE:CNQ) (TSE:CNQ) last released its earnings results 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. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the firm posted $0.96 earnings per share. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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).