Canadian Natural Resources Limited (CNQ) Insider Purchases C$431,100.00 in Stock
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson acquired 15,000 shares of Canadian Natural Resources Limited stock in a transaction that occurred on Tuesday, October 3rd. The stock was purchased at an average cost of C$28.74 per share, for a total transaction of C$431,100.00.
Réal Michel Cusson also recently made the following trade(s):
- On Monday, September 25th, Réal Michel Cusson bought 22,500 shares of Canadian Natural Resources Limited stock. The shares were acquired at an average price of C$28.74 per share, with a total value of C$646,650.00.
Shares of Canadian Natural Resources Limited (TSE CNQ) traded up 0.33% during midday trading on Tuesday, reaching $42.26. 1,915,079 shares of the company were exchanged. Canadian Natural Resources Limited has a 52 week low of $35.90 and a 52 week high of $46.74. The firm has a 50-day moving average of $40.01 and a 200 day moving average of $40.44. The firm has a market capitalization of $51.35 billion and a P/E ratio of 30.36.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 15th were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Thursday, September 14th.
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CNQ has been the topic of a number of analyst reports. National Bank Financial upped their target price on Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. CIBC reduced their price target on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. TD Securities raised their price target 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. Canaccord Genuity raised their price target on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Wednesday, September 6th. Finally, Barclays PLC dropped their price objective on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Canadian Natural Resources Limited has a consensus rating of “Buy” and a consensus 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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