Canadian Natural Resource Ltd (USA) (CNQ) : Wintergreen Advisers reduced its stake in Canadian Natural Resource Ltd (USA) by 16.93% during the Q4 period. The investment management company now holds a total of 2,251,197 shares of Canadian Natural Resource Ltd (USA) which is valued at $61.8 Million after selling 458,771 shares in Canadian Natural Resource Ltd (USA) according to the most recent disclosure to the SEC.Canadian Natural Resource Ltd (USA) makes up approximately 15.15% of Wintergreen Advisers’s portfolio.
Other Hedge Funds, Including , Assetmark Inc added CNQ to its portfolio by purchasing 39 company shares during the Fourth Quarter which is valued at $1,070. Steadfast Capital Management Lp added CNQ to its portfolio by purchasing 2,367,137 company shares during the Fourth Quarter which is valued at $65 Million. Canadian Natural Resource Ltd (USA) makes up approx 1.52% of Steadfast Capital Management Lp’s portfolio.Freestone Capital Holdings reduced its stake in CNQ by selling 17,634 shares or 30.71% during the fourth quarter. The Hedge Fund company now holds 39,785 shares of CNQ which is valued at $1.1 Million. Canadian Natural Resource Ltd (USA) makes up approx 0.11% of Freestone Capital Holdings’s portfolio.
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 JP Morgan to ” Overweight” on Mar 4, 2016. Canadian Natural Resource Ltd (USA) was Downgraded by Morgan Stanley to ” Equal-Weight” on Jan 12, 2016. Canadian Natural Resource Ltd (USA) was Downgraded by Macquarie to ” Neutral” on Jan 8, 2016.
Canadian Natural Resource Ltd (USA) closed down -0.22 points or -0.80% at $27.22 with 36,84,193 shares getting traded on Monday. Post opening the session at $27.4, the shares hit an intraday low of $27.17 and an intraday high of $27.81 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.