Dixon Mitchell Investment Counsel Inc. Acquires 74,545 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQFree Report) (TSE:CNQ) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,996,562 shares of the oil and gas producer’s stock after purchasing an additional 74,545 shares during the quarter. Canadian Natural Resources comprises approximately 2.9% of Dixon Mitchell Investment Counsel Inc.’s holdings, making the stock its 11th largest position. Dixon Mitchell Investment Counsel Inc. owned about 0.09% of Canadian Natural Resources worth $62,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNQ. Continuum Advisory LLC increased its holdings in shares of 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 worth $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources in the third quarter valued at $33,000. Wilmington Savings Fund Society FSB acquired a new stake in Canadian Natural Resources during the third quarter valued at approximately $37,000. Sound Income Strategies LLC bought a new stake in Canadian Natural Resources during the 3rd quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. increased its holdings in Canadian Natural Resources by 58.4% during 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 purchasing an additional 528 shares in the last quarter. Institutional investors and hedge funds own 74.03% of the company’s stock.

Canadian Natural Resources Stock Down 0.3 %

NYSE CNQ opened at $31.42 on Thursday. The stock has a market capitalization of $66.08 billion, a P/E ratio of 12.20 and a beta of 1.46. Canadian Natural Resources Limited has a 52 week low of $29.23 and a 52 week high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a fifty day moving average of $32.39 and a 200-day moving average of $34.09.

Canadian Natural Resources (NYSE:CNQGet Free Report) (TSE:CNQ) last issued its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company 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 earned $0.96 EPS. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on CNQ

About Canadian Natural Resources

(Free Report)

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).

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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