Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$98,367.36 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Victor Clinton Darel sold 2,252 shares of Canadian Natural Resources stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of C$43.68, for a total transaction of C$98,367.36.

Canadian Natural Resources Stock Down 0.1 %

Shares of TSE:CNQ traded down C$0.05 during trading on Monday, hitting C$43.43. The company’s stock had a trading volume of 3,841,155 shares, compared to its average volume of 12,035,455. The company has a market capitalization of C$92.51 billion, a PE ratio of 12.37, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The business has a 50 day moving average price of C$46.54 and a two-hundred day moving average price of C$47.71.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 annualized dividend and a yield of 4.84%. Canadian Natural Resources’s dividend payout ratio (DPR) is 60.97%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CNQ shares. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. BMO Capital Markets decreased their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Finally, National Bankshares upped their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.94.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).