Beutel Goodman Co Ltd. Lowers stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Beutel Goodman Co Ltd. reduced its stake in Canadian Natural Resource Ltd (USA) by 3.89% during the most recent quarter end. The investment management company now holds a total of 19,340,182 shares of Canadian Natural Resource Ltd (USA) which is valued at $590,455,756 after selling 783,050 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 6.35% of Beutel Goodman Co Ltd.’s portfolio.

Canadian Natural Resource Ltd (USA) opened for trading at $30.48 and hit $31.1 on the upside on Friday, eventually ending the session at $30.53, with a gain of 0.39% or 0.12 points. The heightened volatility saw the trading volume jump to 29,96,856 shares. Company has a market cap of $33,420 M.

Other Hedge Funds, Including , Montrusco Bolton Investments boosted its stake in CNQ in the latest quarter, The investment management firm added 14,214 additional shares and now holds a total of 290,698 shares of Canadian Natural Resource Ltd (USA) which is valued at $8,875,010. Canadian Natural Resource Ltd (USA) makes up approx 0.70% of Montrusco Bolton Investments’s portfolio. Simplex Trading added CNQ to its portfolio by purchasing 1,710 company shares during the most recent quarter which is valued at $48,838. Canadian Natural Resource Ltd (USA) makes up approx 0.01% of Simplex Trading’s portfolio.Guinness Asset Management Ltd boosted its stake in CNQ in the latest quarter, The investment management firm added 11,700 additional shares and now holds a total of 407,531 shares of Canadian Natural Resource Ltd (USA) which is valued at $11,639,085. Canadian Natural Resource Ltd (USA) makes up approx 3.45% of Guinness Asset Management Ltd’s portfolio.Guinness Atkinson Asset Management Inc reduced its stake in CNQ by selling 3,600 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 78,400 shares of CNQ which is valued at $2,239,104. Canadian Natural Resource Ltd (USA) makes up approx 1.37% of Guinness Atkinson Asset Management Inc’s portfolio.Capstone Asset Management Co reduced its stake in CNQ by selling 630 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 116,279 shares of CNQ which is valued at $3,320,928. Canadian Natural Resource Ltd (USA) makes up approx 0.09% of Capstone Asset Management Co’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 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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