William Robert Peterson Sells 10,000 Shares of Canadian Natural Resources Limited (CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider William Robert Peterson sold 10,000 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of C$42.91, for a total transaction of C$429,100.00.

Shares of Canadian Natural Resources Limited (TSE:CNQ) traded down C$0.43 on Thursday, reaching C$42.97. 3,246,100 shares of the company’s stock were exchanged, compared to its average volume of 2,371,983. Canadian Natural Resources Limited has a twelve month low of C$35.90 and a twelve month high of C$47.00.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.275 per share. The ex-dividend date is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 48.42%.

CNQ has been the topic of several analyst reports. Canaccord Genuity boosted their price objective on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Wednesday, September 6th. National Bank Financial boosted their price objective on shares of Canadian Natural Resources from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 6th. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “top pick” rating in a research note on Friday, November 3rd. J P Morgan Chase & Co boosted their price objective on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Finally, GMP Securities boosted their price objective on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research note on Friday, November 3rd. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$50.50.

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About Canadian Natural Resources

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 (TSE:CNQ)

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