Insider Selling: Canadian Natural Resources Limited (CNQ) Insider Sells 1,000 Shares of Stock
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Allan E. Frankiw sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of C$39.32, for a total value of C$39,320.00.
Canadian Natural Resources Limited (TSE CNQ) traded down 1.16% on Friday, hitting $39.18. The stock had a trading volume of 1,097,660 shares. The firm’s 50-day moving average price is $38.89 and its 200-day moving average price is $40.41. Canadian Natural Resources Limited has a 1-year low of $35.90 and a 1-year high of $46.74. The firm has a market cap of $47.61 billion and a P/E ratio of 28.15.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.77%.
Several equities research analysts recently issued reports on CNQ shares. CIBC dropped their price target on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. National Bank Financial upped their price target on Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity upped their price target on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday. Barclays PLC lowered their price objective on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. Finally, TD Securities upped their price objective on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$50.50.
About Canadian Natural Resources Limited
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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