Guinness Asset Management Ltd buys $11,639,085 stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Guinness Asset Management Ltd scooped up 11,700 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 Apr 12, 2016. The investment management firm 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 approximately 3.45% of Guinness Asset Management Ltd’s portfolio.

Canadian Natural Resource Ltd (USA) closed down -0.62 points or -2.12% at $28.56 with 27,61,601 shares getting traded on Friday. Post opening the session at $28.54, the shares hit an intraday low of $28.27 and an intraday high of $28.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Hexavest boosted its stake in CNQ in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 25,113 shares of Canadian Natural Resource Ltd (USA) which is valued at $717,227. Canadian Natural Resource Ltd (USA) makes up approx 0.01% of Hexavest’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.Peachtree Investment Advisors boosted its stake in CNQ in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 41,500 shares of Canadian Natural Resource Ltd (USA) which is valued at $1,185,240. Canadian Natural Resource Ltd (USA) makes up approx 1.18% of Peachtree Investment Advisors’s portfolio.Creative Planning boosted its stake in CNQ in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 4,252 shares of Canadian Natural Resource Ltd (USA) which is valued at $117,355. Rathbone Brothers Plc added CNQ to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $220,800. Canadian Natural Resource Ltd (USA) makes up approx 0.01% of Rathbone Brothers Plc’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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