Peak Financial Advisors LLC Reduces Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

by · The Markets Daily

Peak Financial Advisors LLC lowered its stake in shares of Canadian Natural Resources Limited (NYSE:CNQ – Free Report) (TSE:CNQ) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,696 shares of the oil and gas producer’s stock after selling 1,006 shares during the period. Peak Financial Advisors LLC’s holdings in Canadian Natural Resources were worth $2,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CNQ. Continuum Advisory LLC lifted its position in shares of 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 acquiring an additional 490 shares in the last quarter. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the third quarter worth $33,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Canadian Natural Resources during the third quarter worth $37,000. Sound Income Strategies LLC purchased a new stake in shares of Canadian Natural Resources during the third quarter worth $46,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Canadian Natural Resources by 58.4% during the third quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock worth $48,000 after acquiring an additional 528 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Canadian Natural Resources Trading Up 0.7 %

Shares of CNQ stock opened at $31.77 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. Canadian Natural Resources Limited has a 52-week low of $29.23 and a 52-week high of $41.29. The company has a market capitalization of $66.82 billion, a PE ratio of 12.34 and a beta of 1.46. The business’s fifty day moving average is $32.39 and its 200 day moving average is $34.09.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last released its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $6.40 billion. During the same quarter last year, the business posted $0.96 earnings per share. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

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

View Our Latest Report on CNQ

Canadian Natural Resources Profile

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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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