Tim Participacoes S A (TSU) Stock Price Declined While Permian Investment Partners LP Has Increased Position; As Canadian Nat Res LTD (CNQ) Stock Price Rose, Jones Collombin Investment Counsel Has Lifted Position

February 19, 2018 - By William Brooks

Jones Collombin Investment Counsel Inc increased its stake in Canadian Nat Res Ltd (CNQ) by 29.07% based on its latest 2017Q3 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc bought 41,905 shares as the company’s stock rose 3.36% with the market. The institutional investor held 186,070 shares of the oil & gas production company at the end of 2017Q3, valued at $6.24M, up from 144,165 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $37.96 billion market cap company. The stock increased 0.93% or $0.29 during the last trading session, reaching $31.52. About 1.95 million shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has risen 10.32% since February 19, 2017 and is uptrending. It has underperformed by 6.38% the S&P500.

Permian Investment Partners Lp increased its stake in Tim Participacoes S A (TSU) by 2.81% based on its latest 2017Q3 regulatory filing with the SEC. Permian Investment Partners Lp bought 76,155 shares as the company’s stock declined 8.89% while stock markets rallied. The institutional investor held 2.79 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $50.98M, up from 2.71 million at the end of the previous reported quarter. Permian Investment Partners Lp who had been investing in Tim Participacoes S A for a number of months, seems to be bullish on the $10.90 billion market cap company. The stock decreased 0.50% or $0.11 during the last trading session, reaching $21.73. About 624,223 shares traded. TIM Participações S.A. (NYSE:TSU) has risen 48.97% since February 19, 2017 and is uptrending. It has outperformed by 32.27% the S&P500.

Among 14 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Canadian Natural Resources Limited had 31 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Thursday, April 7 with “Buy”. The firm earned “Outperform” rating on Friday, August 5 by Macquarie Research. RBC Capital Markets maintained the shares of CNQ in report on Friday, November 6 with “Outperform” rating. The rating was initiated by Bank of America with “Buy” on Friday, August 19. The stock has “Overweight” rating by Morgan Stanley on Wednesday, January 24. The rating was downgraded by Morgan Stanley on Tuesday, January 12 to “Equal-Weight”. Goldman Sachs maintained it with “Buy” rating and $36 target in Thursday, June 22 report. On Wednesday, February 7 the stock rating was downgraded by Wells Fargo to “Market Perform”. As per Friday, August 7, the company rating was maintained by Scotia Capital. The stock has “” rating by Raymond James on Friday, August 7.

Among 7 analysts covering TIM Participacoes (NYSE:TSU), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. TIM Participacoes had 25 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, November 30. The rating was maintained by Scotia Capital on Tuesday, January 16 with “Hold”. Bank of America upgraded TIM Participações S.A. (NYSE:TSU) on Tuesday, July 26 to “Buy” rating. The firm earned “Overweight” rating on Monday, October 16 by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Friday, August 21. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 3 report. Barclays Capital downgraded the shares of TSU in report on Tuesday, October 6 to “Equal-Weight” rating. Barclays Capital maintained the stock with “Overweight” rating in Thursday, July 27 report. The rating was downgraded by Goldman Sachs on Friday, December 18 to “Sell”.

Permian Investment Partners Lp, which manages about $823.32 million and $628.15 million US Long portfolio, decreased its stake in Sherwin Williams Co (NYSE:SHW) by 184,647 shares to 50,813 shares, valued at $18.19 million in 2017Q3, according to the filing. It also reduced its holding in Csx Corp (NYSE:CSX) by 303,145 shares in the quarter, leaving it with 896,488 shares, and cut its stake in Aon Plc (NYSE:AON).

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By1 William Brooks

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