Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) Senior Officer William Robert Peterson sold 22,500 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$37.09, for a total value of C$834,635.25. Following the completion of the transaction, the insider now directly owns 83,098 shares of the company’s stock, valued at approximately C$3,082,512.
William Robert Peterson also recently made the following trade(s):
- On Wednesday, November 27th, William Robert Peterson sold 20,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$37.07, for a total transaction of C$741,412.00.
- On Friday, November 15th, William Robert Peterson sold 20,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$37.52, for a total value of C$750,406.00.
Shares of Canadian Natural Resources stock traded down C$0.49 on Thursday, hitting C$36.91. 11,277,986 shares of the company were exchanged, compared to its average volume of 3,523,684. The stock has a market capitalization of $42.83 billion and a price-to-earnings ratio of 10.94. The company has a 50-day moving average price of C$35.58 and a 200 day moving average price of C$34.50. Canadian Natural Resources Ltd has a 1-year low of C$30.01 and a 1-year high of C$42.56. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 69.97.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Wednesday, December 11th will be given a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.06%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 43.27%.
Several research firms have commented on CNQ. CSFB cut their price objective on Canadian Natural Resources from C$50.00 to C$48.00 in a research note on Thursday, August 29th. National Bank Financial decreased their target price on Canadian Natural Resources from C$44.00 to C$42.00 and set a “sector perform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on Canadian Natural Resources from C$44.00 to C$41.00 in a research note on Wednesday, September 11th. CIBC boosted their price target on Canadian Natural Resources from C$46.00 to C$48.00 in a research report on Tuesday, November 12th. Finally, Raymond James set a C$40.00 price objective on Canadian Natural Resources and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Canadian Natural Resources currently has an average rating of “Buy” and a consensus target price of C$44.65.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets 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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