Canadian Natural Resources Limited (CNQ) Declares Quarterly Dividend of $0.28
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) announced a quarterly dividend on Thursday, November 2nd, RTT News reports. Stockholders of record on Tuesday, December 12th will be paid a dividend of 0.275 per share on Monday, January 1st. This represents a $1.10 annualized dividend and a dividend yield of 2.44%.
In other Canadian Natural Resources Limited news, insider Timothy Shawn Mckay sold 20,000 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$40.40, for a total value of C$808,000.00. Also, insider Darren Fichter sold 3,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of C$40.92, for a total value of C$122,760.00. Over the last ninety days, insiders have sold 178,331 shares of company stock worth $7,223,721.
CNQ has been the topic of several analyst reports. Canaccord Genuity boosted their target price on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. CIBC dropped their target price on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a 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 report on Wednesday, September 6th. Finally, Barclays PLC lowered their price target on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$50.69.
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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