Dakota Wealth Management Sells 34,678 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Dakota Wealth Management cut its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 20.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 133,429 shares of the oil and gas producer’s stock after selling 34,678 shares during the period. Dakota Wealth Management’s holdings in Canadian Natural Resources were worth $4,119,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources during the third quarter valued at approximately $37,000. Sound Income Strategies LLC purchased a new position in Canadian Natural Resources in the 3rd quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. lifted its position in Canadian Natural Resources by 58.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at $31.54 on Thursday. 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 company has a 50 day moving average price of $32.08 and a 200-day moving average price of $33.92. Canadian Natural Resources Limited has a 52 week low of $29.23 and a 52 week high of $41.29. The firm has a market capitalization of $66.34 billion, a PE ratio of 12.25 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted 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 business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, equities research analysts expect that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Desjardins raised 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 MarketBeat.com, Canadian Natural Resources 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).