Letko Brosseau & Associates Increases Holding in Canadian Nat Res LTD (CNQ); As Fedex (FDX) Stock Price Declined, Minneapolis Portfolio Management Group Lifted by $464,634 Its Position

May 21, 2018 - By Ash

Canadian Natural Resources Limited (NYSE:CNQ) Logo

Letko Brosseau & Associates Inc increased its stake in Canadian Nat Res Ltd (CNQ) by 1.28% based on its latest 2017Q4 regulatory filing with the SEC. Letko Brosseau & Associates Inc bought 176,045 shares as the company’s stock declined 11.77% with the market. The institutional investor held 13.94M shares of the oil & gas production company at the end of 2017Q4, valued at $499.63M, up from 13.76 million at the end of the previous reported quarter. Letko Brosseau & Associates Inc who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $45.79B market cap company. The stock decreased 0.37% or $0.14 during the last trading session, reaching $37.25. About 403,805 shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 3.31% since May 21, 2017 and is downtrending. It has underperformed by 14.86% the S&P500.

Minneapolis Portfolio Management Group Llc increased its stake in Fedex Corp (FDX) by 1.27% based on its latest 2017Q4 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc bought 1,866 shares as the company’s stock declined 6.15% with the market. The institutional investor held 148,477 shares of the air freight and delivery services company at the end of 2017Q4, valued at $37.05M, up from 146,611 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $68.07B market cap company. The stock increased 2.12% or $5.285 during the last trading session, reaching $254.735. About 292,458 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since May 21, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Letko Brosseau & Associates Inc, which manages about $24.00 billion and $11.40 billion US Long portfolio, decreased its stake in Encana Corp (NYSE:ECA) by 226,031 shares to 16.00M shares, valued at $214.16 million in 2017Q4, according to the filing. It also reduced its holding in Merck & Co Inc (NYSE:MRK) by 52,335 shares in the quarter, leaving it with 2.40M shares, and cut its stake in Wal (NYSE:WMT).

Another recent and important Canadian Natural Resources Limited (NYSE:CNQ) news was published by Seekingalpha.com which published an article titled: “Canadian Natural Resources (CNQ) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018.

Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Canadian Natural Resources Limited had 33 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 22 by Goldman Sachs. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. The company was downgraded on Wednesday, February 7 by Wells Fargo. The company was upgraded on Friday, August 7 by Raymond James. As per Tuesday, December 15, the company rating was maintained by JP Morgan. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Overweight”. The firm has “Hold” rating given on Friday, April 1 by TD Securities. The firm earned “Buy” rating on Friday, June 17 by Citigroup. The stock of Canadian Natural Resources Limited (NYSE:CNQ) earned “Overweight” rating by Morgan Stanley on Friday, October 13. The firm has “Neutral” rating given on Friday, July 21 by Citigroup.

Since January 2, 2018, it had 1 insider purchase, and 4 selling transactions for $45.54 million activity. $11.89 million worth of FedEx Corporation (NYSE:FDX) was sold by BRONCZEK DAVID J. 80 FedEx Corporation (NYSE:FDX) shares with value of $19,837 were bought by SCHWAB SUSAN C. $802,405 worth of FedEx Corporation (NYSE:FDX) was sold by STEINER DAVID P on Friday, January 5. $31.74 million worth of FedEx Corporation (NYSE:FDX) shares were sold by SMITH FREDERICK W.

Minneapolis Portfolio Management Group Llc, which manages about $907.73 million and $734.01 million US Long portfolio, decreased its stake in Ingersoll (NYSE:IR) by 98,342 shares to 178,289 shares, valued at $15.90 million in 2017Q4, according to the filing.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It increased, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Tdam Usa invested in 0.11% or 7,614 shares. Fifth Third Bancshares stated it has 263,633 shares. Quantres Asset Management Ltd owns 4,200 shares. Moreover, Wolverine Asset Mngmt Ltd Limited Liability Company has 0.03% invested in FedEx Corporation (NYSE:FDX) for 13,262 shares. Bollard Grp Limited invested in 3,563 shares. Checchi Advisers Limited Co reported 3,047 shares. London Company Of Virginia reported 0.47% in FedEx Corporation (NYSE:FDX). Smith Moore & Communications owns 0.1% invested in FedEx Corporation (NYSE:FDX) for 1,460 shares. Arrow Fincl Corp invested 0.79% of its portfolio in FedEx Corporation (NYSE:FDX). Haverford Company accumulated 0.01% or 1,930 shares. 369,900 were reported by Factory Mutual Ins Co. Dupont Capital Management accumulated 1,669 shares. Sirios Ltd Partnership reported 450,711 shares stake. 34,505 are held by North Star Asset Management. Patten Gp invested in 0.03% or 275 shares.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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