Hilltop National Bank Has $129,000 Stock Position in Canadian Natural Resources Limited (NYSE:CNQ)

Hilltop National Bank reduced its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,182 shares of the oil and gas producer’s stock after selling 524 shares during the quarter. Hilltop National Bank’s holdings in Canadian Natural Resources were worth $129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Continuum Advisory LLC lifted its stake in shares of Canadian Natural Resources by 144.1% in 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 during the period. Coastline Trust Co acquired a new position in shares of Canadian Natural Resources in the third quarter worth approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Canadian Natural Resources in the third quarter worth approximately $37,000. Sound Income Strategies LLC acquired a new position in shares of Canadian Natural Resources in the third quarter worth approximately $46,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Canadian Natural Resources by 58.4% in 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 during the period. 74.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.00.

Canadian Natural Resources Trading Up 0.5 %

Shares of CNQ stock opened at $32.78 on Friday. The company has a market cap of $69.06 billion, a P/E ratio of 12.73 and a beta of 1.46. The stock has a 50 day simple moving average of $32.50 and a two-hundred day simple moving average of $34.16. 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 fifty-two week low of $29.23 and a fifty-two week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.96 earnings per share. Research analysts forecast that Canadian Natural Resources Limited will post 2.47 earnings per share for the current year.

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).