Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 19,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$43.07, for a total transaction of C$818,254.00.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$43.47 on Thursday. The business’s 50 day moving average price is C$46.92 and its 200-day moving average price is C$49.56. 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 company has a market cap of C$92.59 billion, a P/E ratio of 12.38, 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.83%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is currently 60.97%.

Analyst Ratings Changes

CNQ has been the topic of several research analyst reports. Jefferies Financial Group boosted their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Wells Fargo & Company boosted their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. CIBC increased their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, National Bankshares upped their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target 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).