Jarislowsky Fraser Ltd buys $532.3 Million stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Jarislowsky Fraser Ltd scooped up 175,413 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 May 12, 2016. The investment management firm now holds a total of 18,632,236 shares of Canadian Natural Resource Ltd (USA) which is valued at $532.3 Million.Canadian Natural Resource Ltd (USA) makes up approximately 3.72% of Jarislowsky Fraser Ltd’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in CNQ in the latest quarter, The investment management firm added 784,300 additional shares and now holds a total of 5,186,100 shares of Canadian Natural Resource Ltd (USA) which is valued at $148.2 Million. Canadian Natural Resource Ltd (USA) makes up approx 2.21% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Manitou Investment Management Ltd. reduced its stake in CNQ by selling 205,190 shares or 27.46% in the most recent quarter. The Hedge Fund company now holds 542,171 shares of CNQ which is valued at $15.5 Million. Canadian Natural Resource Ltd (USA) makes up approx 6.54% of Manitou Investment Management Ltd.’s portfolio. Trexquant Investment Lp added CNQ to its portfolio by purchasing 41,200 company shares during the most recent quarter which is valued at $1.2 Million. Canadian Natural Resource Ltd (USA) makes up approx 0.14% of Trexquant Investment Lp’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in CNQ by selling 5,200 shares or 20.23% in the most recent quarter. The Hedge Fund company now holds 20,500 shares of CNQ which is valued at $585,685. Canadian Natural Resource Ltd (USA) makes up approx 0.15% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Quadrant Capital Group reduced its stake in CNQ by selling 56 shares or 3.97% in the most recent quarter. The Hedge Fund company now holds 1,353 shares of CNQ which is valued at $40,617. Canadian Natural Resource Ltd (USA) makes up approx 0.03% of Quadrant Capital Group’s portfolio.

Canadian Natural Resource Ltd (USA) opened for trading at $28.76 and hit $29.14 on the upside on Friday, eventually ending the session at $28.89, with a gain of 1.23% or 0.35 points. The heightened volatility saw the trading volume jump to 19,52,552 shares. Company has a market cap of $31,654 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 Downgraded by TD Securities to ” Hold” on Apr 1, 2016. Canadian Natural Resource Ltd (USA) was Upgraded by JP Morgan to ” Overweight” on Mar 4, 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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