Eagle Rock Investment Company LLC Raises Stock Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Eagle Rock Investment Company LLC grew its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,351 shares of the oil and gas producer’s stock after acquiring an additional 555 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Canadian Natural Resources were worth $1,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Canadian Natural Resources by 3.9% in 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 buying an additional 74,545 shares in the last quarter. BluePath Capital Management LLC grew its position in Canadian Natural Resources by 24.1% in the fourth quarter. BluePath Capital Management LLC now owns 22,877 shares of the oil and gas producer’s stock worth $721,000 after acquiring an additional 4,436 shares in the last quarter. Rockingstone Advisors LLC grew its position in Canadian Natural Resources by 2.4% in the fourth quarter. Rockingstone Advisors LLC now owns 73,695 shares of the oil and gas producer’s stock worth $2,275,000 after acquiring an additional 1,760 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian Natural Resources by 420.6% during the fourth 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 lifted its stake 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 valued at $1,361,000 after purchasing an additional 2,366 shares during the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Canadian Natural Resources Price Performance

CNQ stock opened at $30.77 on Friday. The stock has a market cap of $64.72 billion, a PE ratio of 11.95 and a beta of 1.46. Canadian Natural Resources Limited has a 12 month low of $29.23 and a 12 month high of $41.29. The company has a 50-day moving average price of $32.33 and a 200 day moving average price of $34.07. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS 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 firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Equities research analysts anticipate that Canadian Natural Resources Limited will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Desjardins raised 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, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

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).