As Cdn Natural Res (CNQ) Shares Rose, Beutel Goodman & Co LTD Increased Its Stake by $139.08 Million

Canadian Natural Resources Limited (NYSE:CNQ) Corporate Logo

Beutel Goodman & Co Ltd’s holdings in Cdn Natural Res (CNQ) is upped by 33.56% based on its latest 2018Q4 regulatory filing with the SEC. By buying 5.79 million shares Beutel Goodman & Co Ltd made the stock popped up with 11.94%. At the end of 2018Q4, the institutional investor held 23.06M shares of the oil & gas production company, valued at $556.64M, up from 17.27M at the end of the previous reported quarter. Cdn Natural Res has $34.17 billion market cap. The stock increased 2.16% or $0.6 during the last trading session, reaching $28.4.Canadian Natural Resources Limited has 3.50M shares volume, 4.20% up from normal. CNQ is downtrending and has moved 12.14% since March 21, 2018. CNQ underperformed the S&P500 by 16.51%.

Beutel Goodman & Co Ltd operates about $36.47 billion and $11.75B US Long portfolio. According to a filing the fund reduced its stake in Autozone Inc (NYSE:AZO) by 66,984 shares to 159,384 shares, valued at $97.90 million in 2018Q4. Beutel Goodman & Co Ltd has cut its stake in Royal Bank Cda (NYSE:RY) and also reduced its holding in Cenovus Energy (NYSE:CVE) by 2.09M shares in the quarter, for a total of 22.47M shares.

For more Canadian Natural Resources Limited (NYSE:CNQ) news posted recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Canadian Natural Resources, Ltd. (CNQ) Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” posted on November 02, 2018, “Canadian Natural: Buy The Breakout – Seeking Alpha” on April 09, 2018, “Suncor Energy: George Soros Buying This Top Dividend Stock – Seeking Alpha” with a publish date: March 07, 2019, “Alberta to ease mandatory oil production limits as glut eases – Seeking Alpha” and the last “Move by Norway’s $1T wealth fund to cut oil stocks excludes Shell, BP, others – Seeking Alpha” with publication date: March 08, 2019.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Coverage

In total 4 analysts cover Canadian Natural Res (NYSE:CNQ). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. 10 are the (NYSE:CNQ)’s analyst reports since October 5, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Morgan Stanley with “Overweight” on Tuesday, November 20. On Friday, October 12 the stock of Canadian Natural Resources Limited (NYSE:CNQ) has “Overweight” rating given by Morgan Stanley. On Friday, December 7 Citigroup maintained Canadian Natural Resources Limited (NYSE:CNQ) with “Neutral” rating.

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

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