Guinness Asset Management LTD Sells 48,923 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Guinness Asset Management LTD trimmed its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,618 shares of the oil and gas producer’s stock after selling 48,923 shares during the period. Guinness Asset Management LTD’s holdings in Canadian Natural Resources were worth $10,671,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Holocene Advisors LP acquired a new stake in Canadian Natural Resources in the third quarter worth $13,700,000. Lighthouse Investment Partners LLC acquired a new stake in Canadian Natural Resources during the 2nd quarter worth $890,000. Canoe Financial LP lifted its holdings in Canadian Natural Resources by 226.0% during the third quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock worth $51,469,000 after acquiring an additional 1,074,199 shares in the last quarter. Cerity Partners LLC lifted its holdings in Canadian Natural Resources by 112.8% during the third quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock worth $15,057,000 after acquiring an additional 240,354 shares in the last quarter. Finally, Anson Funds Management LP grew its stake in Canadian Natural Resources by 150.0% in the third quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock valued at $3,321,000 after acquiring an additional 60,000 shares during the period. Institutional investors own 74.03% of the company’s stock.

Analyst Ratings Changes

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

Canadian Natural Resources Stock Up 1.0 %

Shares of CNQ stock opened at $31.11 on Monday. Canadian Natural Resources Limited has a 12-month low of $29.23 and a 12-month high of $41.29. 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 firm has a fifty day moving average of $32.18 and a 200-day moving average of $34.00. The company has a market capitalization of $65.44 billion, a price-to-earnings ratio of 12.08 and a beta of 1.46.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released 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 during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned $0.96 EPS. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 2.42 earnings per share for the current fiscal year.

Canadian Natural Resources 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).