Victor Clinton Darel Sells 2,252 Shares of Canadian Natural Resources Limited (TSE:CNQ) 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 transaction of C$98,367.36.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at C$44.38 on Thursday. Canadian Natural Resources Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a market capitalization of C$94.53 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.53 and a beta of 1.89. The stock’s 50-day simple moving average is C$46.24 and its 200-day simple moving average is C$47.29.

Canadian Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is presently 60.97%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CNQ. Royal Bank of Canada boosted their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price target on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. CIBC lifted their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. BMO Capital Markets dropped their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company boosted their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target 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).