Sharp Financial Services LLC Sells 8,060 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Sharp Financial Services LLC cut its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 29.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,040 shares of the oil and gas producer’s stock after selling 8,060 shares during the quarter. Sharp Financial Services LLC’s holdings in Canadian Natural Resources were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNQ. Continuum Advisory LLC raised its holdings in shares of Canadian Natural Resources by 144.1% in 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 during the period. Coastline Trust Co bought a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $37,000. Sound Income Strategies LLC bought a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at about $46,000. Finally, First Horizon Advisors Inc. raised its holdings 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 during the period. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Stock Performance

Shares of NYSE:CNQ opened at $31.54 on Thursday. The company’s 50 day moving average price is $32.08 and its two-hundred day moving average price is $33.92. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. The firm has a market cap of $66.34 billion, a PE ratio of 12.25 and a beta of 1.46. 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 (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates 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 prior year, the business posted $0.96 EPS. Equities research analysts predict that Canadian Natural Resources Limited will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Desjardins raised shares of 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, the stock 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).