Dorchester Wealth Management Co Lowers stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Dorchester Wealth Management Co reduced its stake in Canadian Natural Resource Ltd (USA) by 5.36% during the most recent quarter end. The investment management company now holds a total of 185,570 shares of Canadian Natural Resource Ltd (USA) which is valued at $5,962,364 after selling 10,500 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 2.25% of Dorchester Wealth Management Co’s portfolio.

Other Hedge Funds, Including , Bristol John W Co Inc Ny reduced its stake in CNQ by selling 58,108 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 1,720,671 shares of CNQ which is valued at $55,629,293. Canadian Natural Resource Ltd (USA) makes up approx 1.53% of Bristol John W Co Inc Ny’s portfolio.Raymond James Trust N.a. boosted its stake in CNQ in the latest quarter, The investment management firm added 570 additional shares and now holds a total of 7,330 shares of Canadian Natural Resource Ltd (USA) which is valued at $236,979. Canadian Natural Resource Ltd (USA) makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Simplex Trading added CNQ to its portfolio by purchasing 1,215 company shares during the most recent quarter which is valued at $38,771. Canadian Natural Resource Ltd (USA) makes up approx 0.01% of Simplex Trading’s portfolio.

Canadian Natural Resource Ltd (USA) closed down -0.29 points or -0.89% at $32.13 with 23,85,897 shares getting traded on Friday. Post opening the session at $32.59, the shares hit an intraday low of $32.015 and an intraday high of $32.92 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Initiated by BofA/Merrill to “Buy” on Aug 19, 2016. Canadian Natural Resource Ltd (USA) was Upgraded by Macquarie to ” Outperform” on Aug 5, 2016.

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.

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