UMB Bank n.a. Has $142,000 Holdings in Canadian Natural Resources Limited (NYSE:CNQ)

UMB Bank n.a. reduced its position in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 59.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,586 shares of the oil and gas producer’s stock after selling 6,592 shares during the period. UMB Bank n.a.’s holdings in Canadian Natural Resources were worth $142,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Holocene Advisors LP purchased a new stake in shares of Canadian Natural Resources in the third quarter valued at $13,700,000. Lighthouse Investment Partners LLC acquired a new stake in Canadian Natural Resources during the 2nd quarter worth about $890,000. Canoe Financial LP grew its stake in Canadian Natural Resources by 226.0% during the 3rd quarter. Canoe Financial LP now owns 1,549,610 shares of the oil and gas producer’s stock valued at $51,469,000 after acquiring an additional 1,074,199 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Canadian Natural Resources by 112.8% in the 3rd quarter. Cerity Partners LLC now owns 453,393 shares of the oil and gas producer’s stock valued at $15,057,000 after purchasing an additional 240,354 shares during the period. Finally, Anson Funds Management LP lifted its position in shares of Canadian Natural Resources by 150.0% in the third quarter. Anson Funds Management LP now owns 100,000 shares of the oil and gas producer’s stock worth $3,321,000 after purchasing an additional 60,000 shares in the last quarter. Hedge funds and other institutional investors own 74.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Canadian Natural Resources Trading Up 0.2 %

Shares of NYSE CNQ opened at $31.59 on Friday. The business has a 50 day simple moving average of $32.05 and a 200 day simple moving average of $33.90. Canadian Natural Resources Limited has a 52 week low of $29.23 and a 52 week high of $41.29. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 12.27 and a beta of 1.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.67 by $0.30. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a return on equity of 20.07%. During the same quarter in the prior year, the business posted $0.96 EPS. On average, research analysts predict that Canadian Natural Resources Limited will post 2.44 earnings per share 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).