Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$913,900.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Jay Ellery Froc sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of C$91.39, for a total transaction of C$913,900.00.

Jay Ellery Froc also recently made the following trade(s):

• On Monday, November 13th, Jay Ellery Froc sold 4,400 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$89.92, for a total transaction of C$395,648.00.
• On Friday, November 10th, Jay Ellery Froc sold 5,100 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$88.95, for a total transaction of C$453,645.00.

Canadian Natural Resources Stock Up 3.7 %

Shares of TSE CNQ opened at C$91.28 on Friday. The company has a market capitalization of C$99.50 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.53 and a beta of 1.95. Canadian Natural Resources Limited has a 52-week low of C$67.13 and a 52-week high of C$93.44. The company has a debt-to-equity ratio of 33.13, a quick ratio of 0.54 and a current ratio of 0.91. The company’s 50 day moving average price is C$88.03 and its 200-day moving average price is C$81.43.

Canadian Natural Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 8th will be given a $1.00 dividend. The ex-dividend date is Thursday, December 7th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $0.90. Canadian Natural Resources’s payout ratio is 61.82%.

Analyst Ratings Changes

Several brokerages recently issued reports on CNQ. Stifel Nicolaus lifted their price target on shares of Canadian Natural Resources from C$99.00 to C$106.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Desjardins lifted their price target on shares of Canadian Natural Resources from C$95.00 to C$96.00 and gave the company a “buy” rating in a report on Monday, September 18th. CIBC lifted their price target on shares of Canadian Natural Resources from C$93.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Jefferies Financial Group lifted their price target on shares of Canadian Natural Resources from C$84.00 to C$94.00 and gave the company a “hold” rating in a report on Monday, August 28th. Finally, National Bank Financial lifted their price target on shares of Canadian Natural Resources from C$90.00 to C$101.00 in a report on Thursday, October 12th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$94.33.

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).