Insider Selling: Canadian Natural Resources Limited (CNQ) Director Sells C$5,234,808.48 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Norman Murray Edwards sold 113,014 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of C$46.32, for a total value of C$5,234,808.48.

Norman Murray Edwards also recently made the following trade(s):

  • On Friday, September 15th, Norman Murray Edwards sold 99,714 shares of Canadian Natural Resources Limited stock. The stock was sold at an average price of C$40.37, for a total value of C$4,025,454.18.

Shares of Canadian Natural Resources Limited (CNQ) opened at C$44.46 on Thursday. Canadian Natural Resources Limited has a twelve month low of C$35.90 and a twelve month high of C$47.00.

The business 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. This represents a $1.10 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Monday, December 11th. Canadian Natural Resources Limited’s payout ratio is presently 48.42%.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Canadian Natural Resources Limited (CNQ) Director Sells C$5,234,808.48 in Stock” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/11/16/insider-selling-canadian-natural-resources-limited-cnq-director-sells-c5234808-48-in-stock.html.

CNQ has been the subject of a number of research reports. CIBC lowered their target price on Canadian Natural Resources Limited from C$55.00 to C$50.00 in a research note on Thursday, July 20th. National Bank Financial raised their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Canaccord Genuity raised their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Wednesday, September 6th. Royal Bank Of Canada raised their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$51.00 and gave the stock a “top pick” rating in a research note on Friday, November 3rd. Finally, J P Morgan Chase & Co raised their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a research note on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$49.64.

About Canadian Natural Resources Limited

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)

Receive News & Ratings for Canadian Natural Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply