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

Thurston Springer Miller Herd & Titak Inc. grew its holdings in Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) by 420.6% in the 4th quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Canadian Natural Resources by 5.7% during the fourth quarter. Park Avenue Securities LLC now owns 44,077 shares of the oil and gas producer’s stock worth $1,361,000 after buying an additional 2,366 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Canadian Natural Resources by 6,902.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,652,855 shares of the oil and gas producer’s stock worth $112,763,000 after purchasing an additional 3,600,686 shares during the last quarter. Pacifica Partners Inc. boosted its position in Canadian Natural Resources by 2.3% during the fourth quarter. Pacifica Partners Inc. now owns 178,856 shares of the oil and gas producer’s stock valued at $5,605,000 after purchasing an additional 4,005 shares in the last quarter. Code Waechter LLC grew its stake in Canadian Natural Resources by 3.9% in the fourth quarter. Code Waechter LLC now owns 18,544 shares of the oil and gas producer’s stock valued at $572,000 after purchasing an additional 688 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Canadian Natural Resources in the fourth quarter worth about $259,000. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Trading Down 2.3 %

Shares of NYSE:CNQ opened at $30.77 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 firm has a market capitalization of $64.72 billion, a P/E ratio of 11.95 and a beta of 1.46. The business’s 50-day moving average is $32.33 and its 200 day moving average is $34.07. 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 announced its quarterly earnings data on Thursday, October 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. The firm had revenue of $7.62 billion during 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 period last year, the firm posted $0.96 EPS. On average, research analysts predict that Canadian Natural Resources Limited will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold”.

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).