Jarislowsky Fraser Ltd Lowers stake in Canadian Natural Resource Ltd (USA) (CNQ)

Canadian Natural Resource Ltd (USA) (CNQ) : Jarislowsky Fraser Ltd reduced its stake in Canadian Natural Resource Ltd (USA) by 24.78% during the most recent quarter end. The investment management company now holds a total of 18,624,853 shares of Canadian Natural Resource Ltd (USA) which is valued at $574,390,467 after selling 6,134,668 shares in Canadian Natural Resource Ltd (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Canadian Natural Resource Ltd (USA) makes up approximately 3.88% of Jarislowsky Fraser Ltd’s portfolio.

Other Hedge Funds, Including , United Services Automobile Association added CNQ to its portfolio by purchasing 18,047 company shares during the most recent quarter which is valued at $556,569.Dimensional Fund Advisors Lp reduced its stake in CNQ by selling 874,484 shares or 18.42% in the most recent quarter. The Hedge Fund company now holds 3,874,157 shares of CNQ which is valued at $119,943,901. Canadian Natural Resource Ltd (USA) makes up approx 0.06% of Dimensional Fund Advisors Lp’s portfolio. Barometer Capital Management sold out all of its stake in CNQ during the most recent quarter. The investment firm sold 604,850 shares of CNQ which is valued $18,780,593. Rhumbline Advisers sold out all of its stake in CNQ during the most recent quarter. The investment firm sold 12,035 shares of CNQ which is valued $365,623.

Canadian Natural Resource Ltd (USA) opened for trading at $31.26 and hit $32 on the upside on Monday, eventually ending the session at $31.9, with a gain of 1.66% or 0.52 points. The heightened volatility saw the trading volume jump to 16,08,975 shares. Company has a market cap of $35,221 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 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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