Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Robin Sean Zabek Sells 19,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 19,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$43.07, for a total value of C$818,254.00.

Canadian Natural Resources Stock Up 1.6 %

CNQ opened at C$43.17 on Tuesday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a fifty day moving average of C$47.26 and a 200-day moving average of C$49.64. Canadian Natural Resources Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The company has a market capitalization of C$91.95 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio is currently 60.97%.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. ATB Capital lifted their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. CIBC upped their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Royal Bank of Canada lifted their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$71.94.

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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).