Hennessy Advisors Inc. Has $5.29 Million Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

Hennessy Advisors Inc. trimmed its stake in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,400 shares of the oil and gas producer’s stock after selling 5,600 shares during the quarter. Hennessy Advisors Inc.’s holdings in Canadian Natural Resources were worth $5,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Fisher Asset Management LLC increased its stake in shares of Canadian Natural Resources by 3.9% in the third quarter. Fisher Asset Management LLC now owns 43,581,024 shares of the oil and gas producer’s stock worth $1,447,326,000 after acquiring an additional 1,651,452 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Canadian Natural Resources by 93.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 41,464,502 shares of the oil and gas producer’s stock worth $1,476,644,000 after purchasing an additional 19,980,902 shares during the last quarter. 1832 Asset Management L.P. raised its stake in shares of Canadian Natural Resources by 105.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 31,668,045 shares of the oil and gas producer’s stock worth $1,127,382,000 after purchasing an additional 16,245,046 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Canadian Natural Resources by 90.3% during the 2nd quarter. Mackenzie Financial Corp now owns 30,017,414 shares of the oil and gas producer’s stock valued at $1,069,338,000 after buying an additional 14,246,978 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Canadian Natural Resources by 5.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,468,127 shares of the oil and gas producer’s stock valued at $945,965,000 after buying an additional 1,383,478 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.com, the company has a consensus rating of “Hold”.

Canadian Natural Resources Price Performance

Shares of NYSE:CNQ opened at $31.11 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53. The stock has a market capitalization of $65.44 billion, a P/E ratio of 12.08 and a beta of 1.46. The business has a 50-day moving average of $32.24 and a two-hundred day moving average of $34.05. 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 announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6.40 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. On average, equities research analysts predict that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal year.

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).