Beutel Goodman & Co LTD Lifted Stake in Cdn Natural Res (CNQ) as Stock Price Rose

Canadian Natural Resources Limited (NYSE:CNQ) Logo

Beutel Goodman & Co Ltd increased its stake in Cdn Natural Res (CNQ) by 0.78% based on its latest 2019Q1 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 179,004 shares as the company’s stock rose 3.89% with the market. The institutional investor held 23.24 million shares of the oil & gas production company at the end of 2019Q1, valued at $638.13 million, up from 23.06M at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Cdn Natural Res for a number of months, seems to be bullish on the $32.89B market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $27.63. About 692,057 shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 24.33% since July 12, 2018 and is downtrending. It has underperformed by 28.76% the S&P500.

Beutel Goodman & Co Ltd, which manages about $36.47B and $13.32B US Long portfolio, decreased its stake in Rogers Communication (NYSE:RCI) by 86,872 shares to 20.29M shares, valued at $1.09B in 2019Q1, according to the filing. It also reduced its holding in Cdn Pacific Railway (NYSE:CP) by 25,262 shares in the quarter, leaving it with 1.15 million shares, and cut its stake in Cdn Natl Railway (NYSE:CNI).

More notable recent Canadian Natural Resources Limited (NYSE:CNQ) news were published by: Seekingalpha.com which released: “Canadian Natural Resources: A Free Cash Flow Generation Machine – Seeking Alpha” on March 27, 2019, also Seekingalpha.com with their article: “HollyFrontier cut to Sell, Cenovus upped to Neutral at Goldman Sachs – Seeking Alpha” published on April 16, 2019, Fool.ca published: “Contrarian Investors: 2 Oversold Energy Sector Stocks Consider Right Now – The Motley Fool Canada” on June 14, 2019. More interesting news about Canadian Natural Resources Limited (NYSE:CNQ) were released by: Seekingalpha.com and their article: “Canadian Natural Resources: Takeaways From A Solid Quarter – Seeking Alpha” published on November 07, 2018 as well as Seekingalpha.com‘s news article titled: “Suncor Energy: George Soros Buying This Top Dividend Stock – Seeking Alpha” with publication date: March 07, 2019.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Coverage

Among 2 analysts covering Canadian Natural Res (NYSE:CNQ), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Canadian Natural Res had 10 analyst reports since January 28, 2019 according to SRatingsIntel.

Canadian Natural Resources Limited (NYSE:CNQ) Ratings Chart

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