Cibc Asset Management INC Decreased Stake in Canadian Nat Res LTD (CNQ) by $81.21 Million as Shares Declined

April 16, 2018 - By Theresa Judd

Canadian Natural Resources Limited (NYSE:CNQ) Corporate Logo

In Canadian Nat Res Ltd (CNQ) was reduced the stake owned by Cibc Asset Management Inc. The decrease is 14.21% according to 2017Q4 SEC form. By selling 2.32 million shares Cibc Asset Management Inc made the stock sank with 11.77%. At the end of 2017Q4, the institutional investor held 14.00M shares of the oil & gas production company, priced at $502.50M, down from 16.32 million at the end of the previous reported quarter. Canadian Nat Res Ltd has $40.85 billion market cap. On during the last trading session the stock decreased $0.5 or 1.42%, reaching $34.63.Currently Canadian Natural Resources Limited is downtrending after 3.31% change in last April 16, 2017. CNQ has also 1.74 million shares volume. The stock underperformed the S&P 500 by 14.86%.

According to a filing the Cibc Asset Management Inc’s stake in Toronto Dominion Bk Ont (NYSE:TD) was upped by 3.69M shares to 15.20 million shares valued at $894.19 million in 2017Q4. It operates about $16.35 billion US Long portfolio. Cibc Asset Management Inc has risen its stake in Ishares Inc and also increased its holding in Alamos Gold Inc New by 1.73 million shares in the quarter, for a total of 4.71M shares.

Analysts await Canadian Natural Resources Limited (NYSE:CNQ) to report earnings on May, 3. They expect $0.53 EPS, up 211.76 % or $0.36 from last year’s $0.17 per share. CNQ’s profit will be $625.26 million for 16.33 P/E if the $0.53 EPS becomes a reality. After $368.52 actual EPS reported by Canadian Natural Resources Limited for the previous quarter, Wall Street now forecasts -99.86 % negative EPS growth.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Coverage

In total 3 analysts cover Canadian Natural Res (NYSE:CNQ). “Buy” rating has 2, “Sell” are 0, while 1 are “Hold”. 67% are bullish. 3 are the (NYSE:CNQ)’s analyst reports since January 24, 2018 according to StockzIntelligence Inc. On Wednesday, January 24 the rating was maintained by Morgan Stanley with “Overweight”. On Wednesday, February 7 Wells Fargo downgraded Canadian Natural Resources Limited (NYSE:CNQ) to “Market Perform” rating.

Canadian Natural Resources Limited (NYSE:CNQ) Analyst Ratings Chart

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