Insider Selling: Canadian Natural Resources Limited (CNQ) Insider Sells 3,000 Shares of Stock
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Stephen W. Laut sold 3,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$39.11, for a total transaction of C$117,330.00.
Shares of Canadian Natural Resources Limited (TSE:CNQ) traded down 0.47% during mid-day trading on Friday, hitting $39.99. 6,706,591 shares of the stock traded hands. The company’s 50 day moving average is $39.14 and its 200 day moving average is $40.44. The firm has a market capitalization of $48.60 billion and a P/E ratio of 28.73. Canadian Natural Resources Limited has a one year low of $35.90 and a one year high of $46.74.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.74%.
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A number of research analysts have recently weighed in on CNQ shares. CIBC cut their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. National Bank Financial raised their price target on shares of Canadian Natural Resources Limited from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Wednesday, September 6th. Canaccord Genuity raised their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. Barclays PLC lowered their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research note on Thursday, July 6th. Finally, TD Securities raised their target price on shares of Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$50.50.
Canadian Natural Resources Limited Company Profile
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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