Eagle Rock Investment Company LLC Buys 555 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Eagle Rock Investment Company LLC grew its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 61,351 shares of the oil and gas producer’s stock after purchasing an additional 555 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Canadian Natural Resources were worth $1,894,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Moloney Securities Asset Management LLC boosted its holdings in shares of Canadian Natural Resources by 5.4% in the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock valued at $242,000 after purchasing an additional 376 shares during the period. Measured Wealth Private Client Group LLC lifted its holdings in shares of Canadian Natural Resources by 4.1% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock worth $337,000 after buying an additional 404 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after buying an additional 419 shares during the period. Pitcairn Co. increased its stake in shares of Canadian Natural Resources by 1.3% during the third quarter. Pitcairn Co. now owns 36,390 shares of the oil and gas producer’s stock valued at $1,209,000 after buying an additional 475 shares during the period. Finally, Continuum Advisory LLC raised its holdings in shares of Canadian Natural Resources by 144.1% in the third 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 in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Stock Down 2.3 %

Canadian Natural Resources stock opened at $30.77 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market cap of $64.72 billion, a P/E ratio of 11.95 and a beta of 1.46. The business has a fifty day moving average of $32.33 and a two-hundred day moving average of $34.07. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $6.40 billion. During the same period in the previous year, the company posted $0.96 EPS. On average, analysts forecast that Canadian Natural Resources Limited will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently 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).