Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,845 shares of the oil and gas producer’s stock after selling 9,551 shares during the period. Crossmark Global Holdings Inc.’s holdings in Canadian Natural Resources were worth $13,300,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Continuum Advisory LLC boosted its stake in Canadian Natural Resources by 144.1% during the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 490 shares during the last quarter. Coastline Trust Co acquired a new position in Canadian Natural Resources during the third quarter worth $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at $37,000. Sound Income Strategies LLC purchased a new stake in shares of Canadian Natural Resources in the 3rd quarter valued at $46,000. Finally, First Horizon Advisors Inc. grew its position 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 in the last quarter. 74.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Stock Performance

Shares of CNQ opened at $31.11 on Tuesday. The company has a market capitalization of $65.44 billion, a price-to-earnings ratio of 12.08 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 Limited has a 52-week low of $29.23 and a 52-week high of $41.29. The stock has a 50 day moving average price of $32.18 and a 200 day moving average price of $33.98.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. 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 company posted $0.96 earnings per share. Research analysts predict 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).