Canadian Natural Resources Limited (CNQ) Insider Timothy Shawn Mckay Sells 20,000 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Timothy Shawn Mckay sold 20,000 shares of Canadian Natural Resources Limited stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$40.40, for a total value of C$808,000.00.

Shares of Canadian Natural Resources Limited (CNQ) traded up 0.45% during mid-day trading on Tuesday, reaching $40.49. The company had a trading volume of 1,807,171 shares. Canadian Natural Resources Limited has a 12-month low of $35.90 and a 12-month high of $46.74. The company has a market capitalization of $49.20 billion and a P/E ratio of 29.09. The firm has a 50-day moving average of $39.24 and a 200-day moving average of $40.48.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, September 14th.

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Several research analysts have recently weighed in on the company. National Bank Financial lifted their price objective on Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. CIBC lowered their price objective on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research report on Thursday, July 20th. TD Securities lifted their price objective on Canadian Natural Resources Limited from C$50.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday, June 5th. Canaccord Genuity lifted their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research report on Wednesday, September 6th. Finally, Barclays PLC lowered their price objective on Canadian Natural Resources Limited from C$50.00 to C$34.00 in a research report on Thursday, July 6th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resources Limited presently has a consensus rating of “Buy” and a consensus price target of C$50.50.

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’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 Limited (TSE:CNQ)

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