Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Stephen W. Laut sold 5,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of C$37.06, for a total value of C$185,300.00.
Shares of Canadian Natural Resources Limited (TSE CNQ) traded up 0.37% during mid-day trading on Tuesday, hitting $40.79. The company had a trading volume of 2,181,034 shares. The firm has a market capitalization of $45.57 billion and a PE ratio of 309.02. The firm has a 50-day moving average price of $37.79 and a 200-day moving average price of $40.49. Canadian Natural Resources Limited has a 52 week low of $35.90 and a 52 week high of $46.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a $0.275 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.10 annualized dividend and a yield of 2.70%.
CNQ has been the topic of several recent research reports. Barclays PLC cut their price target on Canadian Natural Resources Limited from C$52.00 to C$50.00 in a report on Wednesday, April 19th. Royal Bank Of Canada reissued a “top pick” rating and issued a C$60.00 price objective on shares of Canadian Natural Resources Limited in a research note on Friday, April 21st. TD Securities increased 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. CIBC lowered their price objective on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. Finally, National Bank Financial increased their price objective on Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Natural Resources Limited has a consensus rating of “Buy” and an average price target of C$50.62.
About Canadian Natural Resources Limited
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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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