Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Director Sells C$307,275.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, May 14th. The stock was sold at an average price of C$40.97, for a total value of C$307,275.00. Following the sale, the director now directly owns 2,180,360 shares in the company, valued at C$89,329,349.20.

Stephen W. Laut also recently made the following trade(s):

  • On Wednesday, May 12th, Stephen W. Laut sold 60,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$41.01, for a total value of C$2,460,420.00.
  • On Friday, April 9th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$38.83, for a total value of C$194,125.00.
  • On Wednesday, April 7th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$38.83, for a total value of C$194,125.00.
  • On Thursday, April 1st, Stephen W. Laut sold 4,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$39.62, for a total value of C$158,480.00.
  • On Thursday, March 18th, Stephen W. Laut sold 1,875 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$37.30, for a total value of C$69,937.50.
  • On Monday, March 15th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$40.36, for a total value of C$201,800.00.
  • On Friday, March 12th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$40.28, for a total value of C$201,375.00.
  • On Wednesday, March 10th, Stephen W. Laut sold 60,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$38.72, for a total value of C$2,322,900.00.

CNQ opened at C$41.67 on Monday. Canadian Natural Resources Limited has a 12-month low of C$19.77 and a 12-month high of C$42.01. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 65.35. The business’s fifty day simple moving average is C$38.76 and its 200-day simple moving average is C$33.48. The company has a market capitalization of C$49.37 billion and a price-to-earnings ratio of 22.22.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, March 4th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The company had revenue of C$5.02 billion during the quarter, compared to analysts’ expectations of C$4.88 billion. On average, equities research analysts predict that Canadian Natural Resources Limited will post 3.18 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 5th. Investors of record on Friday, June 18th will be paid a dividend of $0.47 per share. This is a boost from Canadian Natural Resources’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Thursday, June 17th. Canadian Natural Resources’s dividend payout ratio is 93.07%.

Several research firms recently weighed in on CNQ. CSFB set a C$52.00 price target on Canadian Natural Resources and gave the company a “neutral” rating in a report on Thursday, April 8th. National Bank Financial cut their price objective on Canadian Natural Resources to C$49.00 and set an “outperform” rating on the stock in a research report on Thursday, April 15th. CIBC upped their price objective on Canadian Natural Resources from C$46.00 to C$48.00 and gave the company an “outperform” rating in a research report on Wednesday, April 14th. Scotiabank upped their price objective on Canadian Natural Resources from C$42.00 to C$48.00 in a research report on Thursday, April 15th. Finally, Tudor Pickering & Holt set a C$45.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a research report on Thursday, May 6th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of C$42.21.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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

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