Peak Financial Advisors LLC Sells 1,006 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Peak Financial Advisors LLC reduced its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,696 shares of the oil and gas producer’s stock after selling 1,006 shares during the quarter. Peak Financial Advisors LLC’s holdings in Canadian Natural Resources were worth $2,368,000 at the end of the most recent quarter.

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

Canadian Natural Resources Price Performance

Shares of NYSE CNQ opened at $31.77 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. Canadian Natural Resources Limited has a twelve month low of $29.23 and a twelve month high of $41.29. The firm has a market cap of $66.82 billion, a P/E ratio of 12.34 and a beta of 1.46. The company has a 50 day moving average of $32.39 and a 200 day moving average of $34.09.

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. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, research analysts expect that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

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 MarketBeat, 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).