Legacy Wealth Asset Management LLC Has $391,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Legacy Wealth Asset Management LLC trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,682 shares of the oil and gas producer’s stock after selling 3,999 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Canadian Natural Resources were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dixon Mitchell Investment Counsel Inc. lifted its holdings in shares of Canadian Natural Resources by 3.9% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,996,562 shares of the oil and gas producer’s stock worth $62,409,000 after acquiring an additional 74,545 shares during the period. BluePath Capital Management LLC lifted its stake in Canadian Natural Resources by 24.1% during the fourth quarter. BluePath Capital Management LLC now owns 22,877 shares of the oil and gas producer’s stock worth $721,000 after purchasing an additional 4,436 shares during the period. Rockingstone Advisors LLC boosted its holdings in Canadian Natural Resources by 2.4% during the fourth quarter. Rockingstone Advisors LLC now owns 73,695 shares of the oil and gas producer’s stock valued at $2,275,000 after purchasing an additional 1,760 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian Natural Resources by 420.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,685 shares of the oil and gas producer’s stock valued at $145,000 after purchasing an additional 3,785 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of Canadian Natural Resources by 5.7% in the 4th quarter. Park Avenue Securities LLC now owns 44,077 shares of the oil and gas producer’s stock worth $1,361,000 after buying an additional 2,366 shares in the last quarter. 74.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Desjardins raised Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, Canadian Natural Resources currently has a consensus rating of “Hold”.

Canadian Natural Resources Price Performance

NYSE:CNQ opened at $31.11 on Friday. The firm has a market cap of $65.44 billion, a PE ratio of 12.08 and a beta of 1.46. The company’s 50-day moving average price is $32.24 and its two-hundred day moving average price is $34.05. 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 12 month low of $29.23 and a 12 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 analysts’ consensus estimates of $0.67 by $0.30. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. During the same period in the prior year, the company earned $0.96 EPS. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal year.

Canadian Natural Resources Company 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).