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 3.74% during the most recent quarter end. The investment management company now holds a total of 952,183 shares of Canadian Natural Resource Ltd (USA) which is valued at $30,546,031 after selling 37,036 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 1.85% of Tradewinds Global Investors’s portfolio.

Other Hedge Funds, Including , Wetherby Asset Management Inc boosted its stake in CNQ in the latest quarter, The investment management firm added 975 additional shares and now holds a total of 14,959 shares of Canadian Natural Resource Ltd (USA) which is valued at $479,885. Canadian Natural Resource Ltd (USA) makes up approx 0.10% of Wetherby Asset Management Inc’s portfolio.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.Bristol John W Co Inc Ny reduced its stake in CNQ by selling 106,190 shares or 5.63% in the most recent quarter. The Hedge Fund company now holds 1,778,779 shares of CNQ which is valued at $57,045,443. Canadian Natural Resource Ltd (USA) makes up approx 1.55% of Bristol John W Co Inc Ny’s portfolio.

Canadian Natural Resource Ltd (USA) closed down -0.36 points or -1.10% at $32.51 with 14,22,395 shares getting traded on Friday. Post opening the session at $32.68, the shares hit an intraday low of $32.44 and an intraday high of $32.77 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 Resource Ltd (USA) was Upgraded by RBC Capital Mkts to ” Top Pick” on Jun 16, 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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