As Canadian Nat Res LTD (CNQ) Shares Declined, Holder Fil LTD Boosted Stake

September 30, 2018 - By Robert Shackelford

Canadian Natural Resources Limited (NYSE:CNQ) Logo

Fil Ltd increased its stake in Canadian Nat Res Ltd (CNQ) by 3654.44% based on its latest 2018Q2 regulatory filing with the SEC. Fil Ltd bought 29.63M shares as the company’s stock declined 3.21% while stock markets rallied. The institutional investor held 30.44 million shares of the oil & gas production company at the end of 2018Q2, valued at $1.10 billion, up from 810,854 at the end of the previous reported quarter. Fil Ltd who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $39.65B market cap company. The stock decreased 1.12% or $0.37 during the last trading session, reaching $32.66. About 3.02M shares traded or 22.99% up from the average. Canadian Natural Resources Limited (NYSE:CNQ) has declined 0.59% since September 30, 2017 and is downtrending. It has underperformed by 16.21% the S&P500.

Fil Ltd, which manages about $66.31B US Long portfolio, decreased its stake in Lyondellbasell Industries N (NYSE:LYB) by 509,513 shares to 621,431 shares, valued at $68.26 million in 2018Q2, according to the filing. It also reduced its holding in Credit Suisse Group (NYSE:CS) by 367,455 shares in the quarter, leaving it with 371,789 shares, and cut its stake in Transdigm Group Inc (NYSE:TDG).

More news for Canadian Natural Resources Limited (NYSE:CNQ) were recently published by: Nasdaq.com, which released: “Research Report Identifies American Midstream Partners, LP, Canadian Natural Resources, Flex, Aptiv, Petroleo …” on September 26, 2018. Fool.ca‘s article titled: “2 Top Dividend Stocks to Own As Oil Approaches $80” and published on September 29, 2018 is yet another important article.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Coverage

Among 2 analysts covering Canadian Natural Resources Limited Common Stock (NYSE:CNQ), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Canadian Natural Resources Limited Common Stock had 3 analyst reports since April 16, 2018 according to SRatingsIntel. Morgan Stanley maintained Canadian Natural Resources Limited (NYSE:CNQ) rating on Wednesday, May 23. Morgan Stanley has “Overweight” rating and $64 target. The rating was maintained by Morgan Stanley with “Overweight” on Monday, April 16. The firm has “Outperform” rating given on Thursday, September 20 by RBC Capital Markets.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Chart

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