Tradewinds Global Investors Lowers stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Tradewinds Global Investors reduced its stake in Canadian Natural Resource Ltd (USA) by 92.76% during the most recent quarter end. The investment management company now holds a total of 68,904 shares of Canadian Natural Resource Ltd (USA) which is valued at $2,124,999 after selling 883,279 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 2.56% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added CNQ to its portfolio by purchasing 2,987 company shares during the most recent quarter which is valued at $92,119. Canadian Natural Resource Ltd (USA) makes up approx 0.01% of Jnba Financial Advisors’s portfolio.Korea Investment Corp boosted its stake in CNQ in the latest quarter, The investment management firm added 110,858 additional shares and now holds a total of 604,958 shares of Canadian Natural Resource Ltd (USA) which is valued at $18,783,946. Canadian Natural Resource Ltd (USA) makes up approx 0.10% of Korea Investment Corp’s portfolio.Canada Pension Plan Investment Board boosted its stake in CNQ in the latest quarter, The investment management firm added 140,400 additional shares and now holds a total of 3,003,877 shares of Canadian Natural Resource Ltd (USA) which is valued at $91,257,783. Canadian Natural Resource Ltd (USA) makes up approx 0.34% of Canada Pension Plan Investment Board’s portfolio.Guardian Investment Management boosted its stake in CNQ in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 12,750 shares of Canadian Natural Resource Ltd (USA) which is valued at $387,345. Canadian Natural Resource Ltd (USA) makes up approx 0.47% of Guardian Investment Management’s portfolio.First Manhattan Co reduced its stake in CNQ by selling 20,570 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 2,417,956 shares of CNQ which is valued at $79,961,805. Canadian Natural Resource Ltd (USA) makes up approx 0.49% of First Manhattan Co’s portfolio.

Canadian Natural Resource Ltd (USA) opened for trading at $31.26 and hit $32 on the upside on Monday, eventually ending the session at $31.9, with a gain of 1.66% or 0.52 points. The heightened volatility saw the trading volume jump to 16,08,975 shares. Company has a market cap of $35,221 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 Initiated by BofA/Merrill to “Buy” on Aug 19, 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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