Canadian Natural Resource Ltd (USA) (CNQ) : Guinness Atkinson Asset Management Inc reduced its stake in Canadian Natural Resource Ltd (USA) by 24.23% during the most recent quarter end. The investment management company now holds a total of 59,400 shares of Canadian Natural Resource Ltd (USA) which is valued at $1,766,556 after selling 19,000 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 1.06% of Guinness Atkinson Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Huntington National Bank reduced its stake in CNQ by selling 1,719 shares or 32.37% in the most recent quarter. The Hedge Fund company now holds 3,592 shares of CNQ which is valued at $106,826.Checchi Capital Advisers reduced its stake in CNQ by selling 590 shares or 12.34% in the most recent quarter. The Hedge Fund company now holds 4,190 shares of CNQ which is valued at $132,488. Canadian Natural Resource Ltd (USA) makes up approx 0.03% of Checchi Capital Advisers’s portfolio.
Canadian Natural Resource Ltd (USA) opened for trading at $29.54 and hit $30.3 on the upside on Friday, eventually ending the session at $30.23, with a gain of 1.41% or 0.42 points. The heightened volatility saw the trading volume jump to 25,35,925 shares. Company has a market cap of $33,122 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.