Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$98,367.36 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Victor Clinton Darel sold 2,252 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$43.68, for a total value of C$98,367.36.

Canadian Natural Resources Price Performance

CNQ stock opened at C$44.38 on Thursday. The stock has a market cap of C$94.53 billion, a PE ratio of 12.64, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 12 month low of C$40.02 and a 12 month high of C$56.49. The company has a 50-day moving average price of C$46.24 and a 200 day moving average price of C$47.29. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Canadian Natural Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.73%. Canadian Natural Resources’s payout ratio is 60.97%.

Analyst Ratings Changes

Several research analysts have weighed in on CNQ shares. ATB Capital upped their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Raymond James upped their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their target price on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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).