Canadian Natural Resource Ltd (USA) (CNQ) : Barometer Capital Management reduced its stake in Canadian Natural Resource Ltd (USA) by 28.26% during the most recent quarter end. The investment management company now holds a total of 604,850 shares of Canadian Natural Resource Ltd (USA) which is valued at $19,397,540 after selling 238,250 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 1.90% of Barometer Capital Management’s portfolio.
Other Hedge Funds, Including , Ruane Cunniff Goldfarb Inc reduced its stake in CNQ by selling 683,454 shares or 99.05% in the most recent quarter. The Hedge Fund company now holds 6,531 shares of CNQ which is valued at $209,449.Nn Investment Partners Holdings N.v. boosted its stake in CNQ in the latest quarter, The investment management firm added 16,786 additional shares and now holds a total of 79,116 shares of Canadian Natural Resource Ltd (USA) which is valued at $2,511,933. Canadian Natural Resource Ltd (USA) makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio. Benjamin F. Edwards Company added CNQ to its portfolio by purchasing 117 company shares during the most recent quarter which is valued at $3,715.Cardinal Capital Management reduced its stake in CNQ by selling 68,313 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 1,765,591 shares of CNQ which is valued at $54,609,730. Canadian Natural Resource Ltd (USA) makes up approx 5.97% of Cardinal Capital Management’s portfolio.
Canadian Natural Resource Ltd (USA) opened for trading at $31.74 and hit $32.11 on the upside on Monday, eventually ending the session at $32.07, with a gain of 0.22% or 0.07 points. The heightened volatility saw the trading volume jump to 18,02,600 shares. Company has a market cap of $35,138 M.
On the company’s financial health, Canadian Natural Resource Ltd (USA) reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.12. The company had revenue of $2793.00 million for the quarter, compared to analysts expectations of $2658.22 million. The company’s revenue was down -36.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Canadian Natural Resource Ltd (USA). Canadian Natural Resource Ltd (USA) was Upgraded by RBC Capital Mkts to ” Top Pick” on Jun 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Jun 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .
Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Company’s diversified balanced resource base consists of both dry and liquids-rich natural gas heavy crude oil bitumen medium and light crude oil and synthetic crude oil. Its reserves were approximately 8.89 billion barrel of oil equivalent. Its segments include North America North Sea Offshore Africa Oil Sands Mining and Upgrading and Midstream. It has a portfolio of assets with production and development of both natural gas and crude oil. North America serve as its main operations with international exposure provided through operations in the United Kingdom portion of the North Sea and Offshore Africa.