Stock Traders Purchase Large Volume of Call Options on Canadian Natural Resource (CNQ)
Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) was the recipient of unusually large options trading on Tuesday. Traders bought 3,540 call options on the company. This represents an increase of approximately 849% compared to the typical volume of 373 call options.
Canadian Natural Resource (CNQ) traded up $1.07 on Wednesday, reaching $31.72. The company’s stock had a trading volume of 3,413,539 shares, compared to its average volume of 2,683,956. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $37,510.00, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.61 and a beta of 1.36. Canadian Natural Resource has a 52 week low of $27.52 and a 52 week high of $37.63.
Institutional investors and hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $127,000. Premia Global Advisors LLC purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $145,000. Calton & Associates Inc. purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $178,000. Lucas Capital Management purchased a new stake in Canadian Natural Resource in the 3rd quarter valued at about $203,000. Finally, Eqis Capital Management Inc. purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $205,000. Institutional investors own 58.87% of the company’s stock.
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Canadian Natural Resource Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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