30,000 Shares in Canadian Natural Resources Limited (NYSE:CNQ) Acquired by Mariner Investment Group LLC

Mariner Investment Group LLC bought a new stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 30,000 shares of the oil and gas producer’s stock, valued at approximately $926,000. Canadian Natural Resources comprises 0.2% of Mariner Investment Group LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fisher Asset Management LLC boosted its holdings in Canadian Natural Resources by 3.9% in the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after purchasing an additional 1,651,452 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Canadian Natural Resources by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after buying an additional 1,383,478 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Canadian Natural Resources by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 9,768,297 shares of the oil and gas producer’s stock valued at $328,807,000 after buying an additional 727,798 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of 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 worth $317,766,000 after buying an additional 4,920,000 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Canadian Natural Resources by 63.5% in the third quarter. National Bank of Canada FI now owns 8,233,388 shares of the oil and gas producer’s stock worth $273,417,000 after acquiring an additional 3,198,007 shares during the period. Institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 1.1 %

Shares of CNQ stock opened at $31.30 on Monday. The company has a 50 day simple moving average of $31.96 and a two-hundred day simple moving average of $33.83. The stock has a market cap of $65.82 billion, a P/E ratio of 12.15 and a beta of 1.46. 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 announced its earnings results 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. The company had revenue of $7.62 billion for 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 period last year, the firm earned $0.96 EPS. On average, research analysts expect that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Desjardins raised 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 MarketBeat.com, the company presently has a consensus 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).