Norman Murray Edwards Sells 121,832 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQGet Rating) (NYSE:CNQ) Director Norman Murray Edwards sold 121,832 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of C$84.23, for a total value of C$10,262,274.86. Following the sale, the director now owns 21,381,798 shares of the company’s stock, valued at approximately C$1,801,052,990.93.

Shares of CNQ traded up C$0.92 during trading hours on Friday, hitting C$84.99. 3,163,668 shares of the stock were exchanged, compared to its average volume of 5,869,877. Canadian Natural Resources Limited has a 12-month low of C$37.82 and a 12-month high of C$88.18. The company has a debt-to-equity ratio of 40.17, a quick ratio of 0.54 and a current ratio of 0.75. The stock’s 50-day moving average price is C$80.13 and its two-hundred day moving average price is C$67.88. The company has a market cap of C$98.11 billion and a price-to-earnings ratio of 10.72.

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 (EPS) for the quarter, topping the consensus estimate of C$2.11 by C$0.10. The business had revenue of C$9.21 billion for the quarter, compared to analyst estimates of C$8.83 billion. On average, research analysts expect that Canadian Natural Resources Limited will post 9.0800001 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 17th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $3.00 annualized dividend and a yield of 3.53%. Canadian Natural Resources’s dividend payout ratio (DPR) is 28.73%.

Several brokerages recently issued reports on CNQ. BMO Capital Markets upped their price target on Canadian Natural Resources from C$92.00 to C$95.00 in a report on Friday, May 6th. National Bankshares dropped their price target on Canadian Natural Resources from C$100.00 to C$90.00 in a research report on Thursday, April 14th. JPMorgan Chase & Co. increased their price objective on Canadian Natural Resources from C$66.00 to C$67.00 in a report on Friday, March 4th. Barclays reissued an “outperform” rating and set a C$57.00 price objective on shares of Canadian Natural Resources in a report on Monday, March 7th. Finally, Wells Fargo & Company increased their price objective on Canadian Natural Resources from C$79.00 to C$84.00 and gave the stock a “na” rating in a report on Friday, May 6th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Buy” and a consensus price target 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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