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

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Robin Sean Zabek sold 19,000 shares of the business'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 Price Performance

Shares of TSE CNQ traded up C$0.67 during mid-day trading on Monday, hitting C$43.17. 14,603,654 shares of the company's stock traded hands, compared to its average volume of 12,081,746. The company has a market capitalization of C$91.95 billion, a P/E ratio of 12.30, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The company's 50-day moving average is C$47.26 and its two-hundred day moving average is C$49.64.

Canadian Natural Resources Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. Jefferies Financial Group lifted their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets lowered their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$71.94.

Canadian Natural Resources Company Profile

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).