Réal Michel Cusson Purchases 70,000 Shares of Canadian Natural Resources Limited (CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson purchased 70,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were acquired at an average price of C$36.78 per share, with a total value of C$2,574,600.00.

Réal Michel Cusson also recently made the following trade(s):

  • On Friday, March 17th, Réal Michel Cusson purchased 15,000 shares of Canadian Natural Resources Limited stock. The shares were acquired at an average price of C$36.78 per share, with a total value of C$551,700.00.
  • On Thursday, March 16th, Réal Michel Cusson purchased 30,000 shares of Canadian Natural Resources Limited stock. The shares were acquired at an average price of C$36.78 per share, with a total value of C$1,103,400.00.
  • On Monday, March 13th, Réal Michel Cusson sold 10,000 shares of Canadian Natural Resources Limited stock. The stock was sold at an average price of C$42.75, for a total transaction of C$427,500.00.

Canadian Natural Resources Limited (TSE:CNQ) opened at 43.04 on Tuesday. The company’s market cap is $47.89 billion. The stock has a 50 day moving average of $40.25 and a 200-day moving average of $41.69. Canadian Natural Resources Limited has a 1-year low of $33.11 and a 1-year high of $46.74.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 17th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, March 15th. This represents a $1.10 dividend on an annualized basis and a yield of 2.56%. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.25.

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A number of brokerages have commented on CNQ. Desjardins raised their price target on shares of Canadian Natural Resources Limited from C$42.00 to C$48.00 in a research note on Thursday, December 1st. JPMorgan Chase & Co. raised their price target on shares of Canadian Natural Resources Limited from C$52.00 to C$54.00 in a research note on Wednesday, December 7th. Royal Bank of Canada raised their price target on shares of Canadian Natural Resources Limited from C$51.00 to C$52.00 and gave the stock a “top pick” rating in a research note on Thursday, December 15th. Instinet raised their price target on shares of Canadian Natural Resources Limited from C$44.00 to C$48.00 and gave the stock a “buy” rating in a research note on Tuesday, December 13th. Finally, Scotiabank restated an “outperform” rating and set a C$45.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, December 16th. Seven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$50.00.

Canadian Natural Resources Limited Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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