Canadian Natural Resource Ltd (USA) (CNQ) : Nikko Asset Management Americas scooped up 31,000 additional shares in Canadian Natural Resource Ltd (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 401,230 shares of Canadian Natural Resource Ltd (USA) which is valued at $12,815,286.Canadian Natural Resource Ltd (USA) makes up approximately 1.18% of Nikko Asset Management Americas’s portfolio.
Other Hedge Funds, Including , First Manhattan Co boosted its stake in CNQ in the latest quarter, The investment management firm added 3,937 additional shares and now holds a total of 2,438,526 shares of Canadian Natural Resource Ltd (USA) which is valued at $78,203,529. Canadian Natural Resource Ltd (USA) makes up approx 0.47% of First Manhattan Co’s portfolio.Creative Planning reduced its stake in CNQ by selling 325 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 3,927 shares of CNQ which is valued at $124,682. 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.
Canadian Natural Resource Ltd (USA) opened for trading at $31.44 and hit $32.06 on the upside on Wednesday, eventually ending the session at $31.94, with a gain of 0.41% or 0.13 points. The heightened volatility saw the trading volume jump to 18,22,929 shares. Company has a market cap of $34,995 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.