Kendall W. Stagg Sells 10,000 Shares of Canadian Natural Resources Limited (CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Kendall W. Stagg sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$44.83, for a total value of C$448,300.00.

Shares of Canadian Natural Resources Limited (CNQ) opened at C$44.85 on Friday. Canadian Natural Resources Limited has a 52 week low of C$35.90 and a 52 week high of C$47.00.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.10 annualized dividend and a dividend yield of 2.45%. Canadian Natural Resources’s dividend payout ratio is presently 48.42%.

Several research firms have commented on CNQ. TD Securities raised their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Scotiabank raised their price objective on Canadian Natural Resources from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Raymond James Financial raised their price objective on Canadian Natural Resources from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. BMO Capital Markets reissued an “outperform” rating and issued a C$54.00 price objective on shares of Canadian Natural Resources in a research report on Wednesday, November 8th. Finally, GMP Securities raised their price objective on Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$50.31.

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Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Insider Buying and Selling by Quarter for Canadian Natural Resources (TSE:CNQ)

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