Cibc Asset Management Inc’s stake in Canadian Nat Res Ltd (CNQ) is reduced by 1.97% based on its latest 2018Q3 regulatory filing with the SEC. The company’s stock sank 17.21% while Cibc Asset Management Inc sold 285,025 shares. At the end of 2018Q3, the 14.21M shares of the oil & gas production company held by the institutional investor were priced at $463.88M, down from 14.49 million at the end of the previous reported quarter. Canadian Nat Res Ltd has $33.46B MC. Ticker’s shares touched $27.85 during the last trading session after 4.50% change.Currently Canadian Natural Resources Limited is downtrending after 22.36% change in last February 17, 2018. CNQ has 2.39 million shares volume. CNQ underperformed the S&P500 by 22.36%.
Cibc Asset Management Inc manages about $16.17B US Long portfolio. According to a filing the fund upped its stake in Ishares Tr (EFA) by 80,101 shares to 4.36 million shares, valued at $296.32M in 2018Q3. Cibc Asset Management Inc has risen its stake in Bce Inc (NYSE:BCE) and also increased its holding in Splunk Inc (NASDAQ:SPLK) by 33,569 shares in the quarter, for a total of 39,623 shares.
Investors expect Canadian Natural Resources Limited (NYSE:CNQ)’s quarterly earnings on March, 7., according to Faxor. Analysts forecast $0.30 earnings per share. That’s $368.22 down or 99.92 % from 2018’s earnings of $368.52. If CNQ’s EPS is $0.30 the profit will reach $360.40 million for 23.21 P/E. -67.03 % negative EPS growth is what analysts predict. $0.91 earnings per share was reported for last quarter.
For more Canadian Natural Resources Limited (NYSE:CNQ) news announced briefly go to: Fool.ca, Fool.ca, Fool.ca, Fool.ca or Seekingalpha.com. The titles are as follows: “2 Top Oil Stocks With Huge Upside Potential – The Motley Fool Canada” announced on January 31, 2019, “Better Buy: Canopy Growth Corp. (TSX:WEED) vs. Canadian Natural Resources Ltd. (TSX:CNQ) and the Energy Sector – The Motley Fool Canada” on July 20, 2018, “Should You Buy Canadian Natural Resources Ltd. (TSX:CNQ) Stock Today? – The Motley Fool Canada” with a publish date: August 28, 2018, “3 Top Oil and Gas Stocks to Buy Right Now – The Motley Fool Canada” and the last “Canadian Natural Resources to buy Joslyn oil sands project for C$225M – Seeking Alpha” with publication date: August 31, 2018.
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. 6 are the (NYSE:CNQ)’s analyst reports since September 20, 2018 according to StockzIntelligence Inc. On Thursday, September 20 the firm has “Outperform” rating by RBC Capital Markets given. On Tuesday, November 20 the firm has “Overweight” rating by Morgan Stanley given. On Friday, October 12 Morgan Stanley maintained Canadian Natural Resources Limited (NYSE:CNQ) rating. Morgan Stanley has “Overweight” rating and $60 target. On Friday, December 7 Citigroup maintained the shares of CNQ in report with “Neutral” rating.