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

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

Canadian Natural Resources Stock Performance

CNQ stock opened at C$48.71 on Friday. The firm has a market cap of C$103.75 billion, a PE ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The business has a 50 day moving average of C$47.44 and a 200-day moving average of C$58.53. Canadian Natural Resources Limited has a 12-month low of C$40.02 and a 12-month high of C$56.49.

Canadian Natural Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on CNQ. CIBC lifted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Gerdes Energy Research lifted their target price on Canadian Natural Resources from C$53.00 to C$55.00 in a report on Friday, November 1st. Royal Bank of Canada lifted their target price 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. National Bankshares lifted their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and a consensus target price 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).