Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Dwayne Frederick Giggs Sells 2,000 Shares

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40.

Canadian Natural Resources Stock Up 0.8 %

Canadian Natural Resources stock traded up C$0.41 during mid-day trading on Friday, hitting C$48.71. 4,907,400 shares of the company's stock were exchanged, compared to its average volume of 11,454,809. Canadian Natural Resources Limited has a 1-year low of C$40.02 and a 1-year high of C$56.49. The stock has a 50 day moving average of C$47.44 and a two-hundred day moving average of C$58.23. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The stock has a market cap of C$103.75 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a yield of 4.31%. Canadian Natural Resources's payout ratio is presently 60.97%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNQ. BMO Capital Markets upped their price objective on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an "outperform" rating in a report on Tuesday, October 8th. Raymond James upped their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a "market perform" rating in a research note on Friday, November 1st. Desjardins raised Canadian Natural Resources from a "hold" rating to a "buy" rating and raised their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. National Bankshares boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada raised their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$74.31.

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).