World Asset Management Inc Sells 1,227 Shares of Canadian Natural Resources Ltd (NYSE:CNQ)

World Asset Management Inc lowered its position in Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,354 shares of the oil and gas producer’s stock after selling 1,227 shares during the period. World Asset Management Inc’s holdings in Canadian Natural Resources were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Canadian Natural Resources by 348.8% in the 2nd quarter. Huntington National Bank now owns 1,333 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 1,036 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its position in shares of Canadian Natural Resources by 3.8% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 227,220 shares of the oil and gas producer’s stock valued at $6,131,000 after buying an additional 8,377 shares in the last quarter. Atalanta Sosnoff Capital LLC bought a new stake in shares of Canadian Natural Resources in the 2nd quarter valued at $27,151,000. OLD National Bancorp IN increased its position in shares of Canadian Natural Resources by 23.7% in the 2nd quarter. OLD National Bancorp IN now owns 16,688 shares of the oil and gas producer’s stock valued at $450,000 after buying an additional 3,194 shares in the last quarter. Finally, Marathon Asset Management LLP increased its position in shares of Canadian Natural Resources by 0.8% in the 2nd quarter. Marathon Asset Management LLP now owns 4,034,605 shares of the oil and gas producer’s stock valued at $110,200,000 after buying an additional 30,664 shares in the last quarter. Institutional investors and hedge funds own 65.28% of the company’s stock.

NYSE CNQ traded down $0.56 on Friday, reaching $23.84. The company had a trading volume of 2,016,749 shares, compared to its average volume of 2,468,619. The stock’s fifty day moving average price is $26.54. Canadian Natural Resources Ltd has a 1-year low of $21.85 and a 1-year high of $36.43. The company has a quick ratio of 0.57, a current ratio of 0.76 and a debt-to-equity ratio of 0.60. The firm has a market cap of $29.08 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas producer reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.25. Canadian Natural Resources had a net margin of 22.22% and a return on equity of 8.69%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the prior year, the business posted $1.04 EPS. Research analysts anticipate that Canadian Natural Resources Ltd will post 2.35 earnings per share for the current year.

CNQ has been the subject of a number of recent analyst reports. Goldman Sachs Group restated a “neutral” rating on shares of Canadian Natural Resources in a research report on Monday, July 22nd. Royal Bank of Canada reaffirmed an “average” rating and issued a $45.00 target price on shares of Canadian Natural Resources in a research note on Friday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $53.00 target price on shares of Canadian Natural Resources in a research note on Tuesday, July 9th. Edward Jones lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, CIBC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Canadian Natural Resources in a research note on Sunday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Canadian Natural Resources currently has a consensus rating of “Buy” and an average target price of $41.88.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Institutional Ownership by Quarter for Canadian Natural Resources (NYSE:CNQ)

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