Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Director Sells 113,014 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Norman Murray Edwards sold 113,014 shares of Canadian Natural Resources Limited stock in a transaction on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total transaction of C$5,234,808.48.

Norman Murray Edwards also recently made the following trade(s):

  • On Friday, September 15th, Norman Murray Edwards sold 99,714 shares of Canadian Natural Resources Limited stock. The shares were sold at an average price of C$40.37, for a total value of C$4,025,454.18.

Shares of Canadian Natural Resources Limited (CNQ) traded up C$0.28 during midday trading on Wednesday, reaching C$43.81. The company had a trading volume of 1,734,272 shares, compared to its average volume of 2,406,291. Canadian Natural Resources Limited has a 52-week low of C$35.90 and a 52-week high of C$47.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Tuesday, December 12th will be issued a $0.275 dividend. The ex-dividend date is Monday, December 11th. This represents a $1.10 annualized dividend and a yield of 2.51%. Canadian Natural Resources Limited’s dividend payout ratio (DPR) is presently 48.42%.

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Several brokerages have recently weighed in on CNQ. Raymond James Financial, Inc. 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 research report on Wednesday, November 8th. Barclays PLC upped their target price on Canadian Natural Resources Limited from C$38.00 to C$41.00 in a research note on Monday. Scotiabank increased their price objective on Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$54.00 price target on shares of Canadian Natural Resources Limited in a research note on Wednesday, November 8th. Finally, TD Securities raised their price target on Canadian Natural Resources Limited from C$51.00 to C$52.00 and gave the company a “buy” rating in a report on Thursday, November 9th. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$50.14.

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.

Insider Buying and Selling by Quarter for Canadian Natural Resources Limited (TSE:CNQ)

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