Canadian Natural Resources Limited (TSE:CNQ) Director Stephen W. Laut Sells 60,000 Shares

Canadian Natural Resources Limited (TSE:CNQGet Rating) (NYSE:CNQ) Director Stephen W. Laut sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of C$77.74, for a total transaction of C$4,664,400.00. Following the completion of the sale, the director now directly owns 1,779,124 shares of the company’s stock, valued at C$138,309,099.76.

Stephen W. Laut also recently made the following trade(s):

  • On Tuesday, April 5th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$79.38, for a total transaction of C$396,881.00.
  • On Friday, April 1st, Stephen W. Laut purchased 555 shares of Canadian Natural Resources stock. The shares were acquired at an average cost of C$78.88 per share, with a total value of C$43,778.40.
  • On Wednesday, March 16th, Stephen W. Laut sold 340 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$73.90, for a total transaction of C$25,126.00.
  • On Monday, March 14th, Stephen W. Laut sold 275 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$74.21, for a total transaction of C$20,407.75.
  • On Wednesday, March 9th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$75.60, for a total transaction of C$378,000.00.
  • On Monday, March 7th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$76.02, for a total transaction of C$380,100.00.

CNQ opened at C$78.62 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 44.06. The company has a market cap of C$90.75 billion and a price-to-earnings ratio of 12.17. The company’s 50 day moving average is C$79.04 and its 200 day moving average is C$65.92. Canadian Natural Resources Limited has a 12-month low of C$37.82 and a 12-month high of C$88.18.

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, March 3rd. The company reported C$2.21 earnings per share for the quarter, beating the consensus estimate of C$2.11 by C$0.10. The firm had revenue of C$9.21 billion for the quarter, compared to analysts’ expectations of C$8.83 billion. As a group, analysts predict that Canadian Natural Resources Limited will post 8.6500001 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, June 16th. Canadian Natural Resources’s dividend payout ratio is currently 35.26%.

A number of analysts have weighed in on the stock. Raymond James set a C$87.00 price objective on shares of Canadian Natural Resources and gave the company an “outperform” rating in a research note on Friday, May 6th. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from C$79.00 to C$84.00 and gave the company a “na” rating in a research note on Friday, May 6th. National Bankshares reduced their price objective on shares of Canadian Natural Resources from C$100.00 to C$90.00 in a research note on Thursday, April 14th. Barclays reiterated an “outperform” rating and issued a C$57.00 price target on shares of Canadian Natural Resources in a research note on Monday, March 7th. Finally, Royal Bank of Canada lifted their price target on shares of Canadian Natural Resources from C$80.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, March 31st. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$77.27.

About Canadian Natural Resources (Get Rating)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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