Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$818,254.00 in Stock

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

Canadian Natural Resources Trading Up 0.7 %

Shares of Canadian Natural Resources stock opened at C$43.47 on Thursday. Canadian Natural Resources Limited has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company’s fifty day simple moving average is C$46.92 and its 200-day simple moving average is C$49.56. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The stock has a market capitalization of C$92.59 billion, a PE ratio of 12.38, a P/E/G ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.83%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is presently 60.97%.

Analyst Ratings Changes

CNQ has been the topic of several analyst reports. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Royal Bank of Canada upped their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. CIBC lifted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and upped their price target for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Finally, Wells Fargo & Company increased their price objective on Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$71.94.

About Canadian Natural Resources

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).