Legacy Wealth Asset Management LLC Has $391,000 Position in Canadian Natural Resources Limited (NYSE:CNQ)

Legacy Wealth Asset Management LLC decreased its position in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 24.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,682 shares of the oil and gas producer’s stock after selling 3,999 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Canadian Natural Resources were worth $391,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its stake in shares of Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares during the period. Coastline Trust Co bought a new stake in Canadian Natural Resources in the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources in the third quarter valued at about $37,000. Sound Income Strategies LLC acquired a new position in shares of Canadian Natural Resources during the 3rd quarter worth about $46,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Canadian Natural Resources by 58.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock valued at $48,000 after acquiring an additional 528 shares during the last quarter. 74.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Canadian Natural Resources Stock Performance

CNQ stock opened at $31.11 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The firm has a market cap of $65.44 billion, a PE ratio of 12.08 and a beta of 1.46. The business’s 50-day moving average price is $32.24 and its two-hundred day moving average price is $34.05. Canadian Natural Resources Limited has a 1-year low of $29.23 and a 1-year high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last posted its quarterly earnings data 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. The business 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 period last year, the company earned $0.96 earnings per share. As a group, research analysts forecast that Canadian Natural Resources Limited will post 2.42 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).