Thurston Springer Miller Herd & Titak Inc. Acquires 3,785 Shares of Canadian Natural Resources Limited (NYSE:CNQ)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 420.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,685 shares of the oil and gas producer’s stock after buying an additional 3,785 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Canadian Natural Resources were worth $145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CNQ. Continuum Advisory LLC increased 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 worth $28,000 after purchasing an additional 490 shares in the last quarter. Coastline Trust Co bought a new stake in Canadian Natural Resources during the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB purchased a new stake in Canadian Natural Resources in the third quarter worth about $37,000. Sound Income Strategies LLC bought a new position in shares of Canadian Natural Resources in the third quarter worth about $46,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Canadian Natural Resources by 58.4% during 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 buying an additional 528 shares in the last quarter. 74.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, October 8th. Four equities research 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 Trading Down 2.3 %

Shares of CNQ stock opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The stock has a fifty day simple moving average of $32.33 and a two-hundred day simple moving average of $34.07. The firm has a market capitalization of $64.72 billion, a PE ratio of 11.95 and a beta of 1.46. Canadian Natural Resources Limited has a 52-week low of $29.23 and a 52-week high of $41.29.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last released its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $0.96 earnings per share. On average, analysts predict that Canadian Natural Resources Limited will post 2.42 EPS for the current fiscal year.

Canadian Natural Resources Company 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).