Graham Capital Management buys $27,366,004 stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Graham Capital Management scooped up 610,937 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 Aug 15, 2016. The investment management firm now holds a total of 853,055 shares of Canadian Natural Resource Ltd (USA) which is valued at $27,366,004.Canadian Natural Resource Ltd (USA) makes up approximately 5.72% of Graham Capital Management’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. reduced its stake in CNQ by selling 1,305,486 shares or 11.34% in the most recent quarter. The Hedge Fund company now holds 10,210,691 shares of CNQ which is valued at $327,558,967. Canadian Natural Resource Ltd (USA) makes up approx 2.25% of Connor Clark Lunn Investment Management Ltd.’s portfolio.Norges Bank boosted its stake in CNQ in the latest quarter, The investment management firm added 66,467 additional shares and now holds a total of 9,337,148 shares of Canadian Natural Resource Ltd (USA) which is valued at $299,535,708. Canadian Natural Resource Ltd (USA) makes up approx 0.14% of Norges Bank’s portfolio. Rational Advisors sold out all of its stake in CNQ during the most recent quarter. The investment firm sold 10,100 shares of CNQ which is valued $324,008.Scout Investments reduced its stake in CNQ by selling 457,946 shares or 39.17% in the most recent quarter. The Hedge Fund company now holds 711,132 shares of CNQ which is valued at $22,649,554. Canadian Natural Resource Ltd (USA) makes up approx 0.60% of Scout Investments’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in CNQ in the latest quarter, The investment management firm added 44,527 additional shares and now holds a total of 417,863 shares of Canadian Natural Resource Ltd (USA) which is valued at $12,594,391. Canadian Natural Resource Ltd (USA) makes up approx 0.16% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.

Canadian Natural Resource Ltd (USA) opened for trading at $30.85 and hit $31.4 on the upside on Thursday, eventually ending the session at $31.17, with a gain of 0.39% or 0.12 points. The heightened volatility saw the trading volume jump to 19,15,237 shares. Company has a market cap of $34,335 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 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.

Leave a Reply

Canadian Natural Resource Ltd (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Canadian Natural Resource Ltd (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.