Canadian Natural Resources Limited (CNQ) Insider Buys C$359,250.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson acquired 12,500 shares of the stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of C$28.74 per share, for a total transaction of C$359,250.00.

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

  • On Tuesday, October 3rd, Réal Michel Cusson acquired 15,000 shares of Canadian Natural Resources Limited stock. The shares were bought at an average cost of C$28.74 per share, for a total transaction of C$431,100.00.
  • On Monday, September 25th, Réal Michel Cusson acquired 22,500 shares of Canadian Natural Resources Limited stock. The shares were bought at an average cost of C$28.74 per share, for a total transaction of C$646,650.00.

Canadian Natural Resources Limited (TSE:CNQ) opened at C$46.30 on Friday. Canadian Natural Resources Limited has a 1-year low of C$35.90 and a 1-year high of C$47.00.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.38%. Canadian Natural Resources Limited’s payout ratio is currently 48.42%.

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Several brokerages have recently commented on CNQ. National Bank Financial reaffirmed an “outperform” rating and issued a C$52.00 price target on shares of Canadian Natural Resources Limited in a research note on Friday, November 3rd. Royal Bank Of Canada upped their price target on Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the company a “top pick” rating in a research note on Friday, November 3rd. J P Morgan Chase & Co upped their price target on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Friday, November 3rd. GMP Securities boosted their price objective on Canadian Natural Resources Limited from C$52.00 to C$56.00 in a report on Friday, November 3rd. Finally, Canaccord Genuity boosted their price objective on Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$49.64.

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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