Canadian Natural Resources Limited (CNQ) Insider Réal Michel Cusson Buys 15,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was bought at an average price of C$36.78 per share, for a total transaction of C$551,700.00.

Réal Michel Cusson also recently made the following trade(s):

  • On Wednesday, March 15th, Réal Michel Cusson purchased 70,000 shares of Canadian Natural Resources Limited stock. The stock was bought at an average price of C$36.78 per share, for a total transaction of C$2,574,600.00.
  • On Thursday, March 16th, Réal Michel Cusson purchased 30,000 shares of Canadian Natural Resources Limited stock. The stock was bought at an average price of C$36.78 per share, for a total transaction of C$1,103,400.00.
  • On Monday, March 13th, Réal Michel Cusson sold 10,000 shares of Canadian Natural Resources Limited stock. The shares were sold at an average price of C$42.75, for a total value of C$427,500.00.

Canadian Natural Resources Limited (TSE:CNQ) traded down 1.90% during trading on Monday, reaching $42.83. The company’s stock had a trading volume of 1,184,772 shares. The firm has a 50 day moving average of $40.17 and a 200 day moving average of $41.67. Canadian Natural Resources Limited has a 52 week low of $33.11 and a 52 week high of $46.74. The stock’s market capitalization is $47.65 billion.

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

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Friday, March 17th will be given a dividend of $0.275 per share. This is a boost from Canadian Natural Resources Limited’s previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, March 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.52%.

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Several equities analysts recently issued reports on CNQ shares. CIBC boosted their price target on Canadian Natural Resources Limited from C$50.00 to C$53.00 in a research report on Friday, December 16th. Raymond James Financial, Inc. boosted their price target on Canadian Natural Resources Limited from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, March 10th. Scotiabank boosted their price target on Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, March 10th. Instinet boosted their price target on Canadian Natural Resources Limited from C$44.00 to C$48.00 and gave the company a “buy” rating in a research report on Tuesday, December 13th. Finally, TD Securities upgraded Canadian Natural Resources Limited from a “hold” rating to a “buy” rating and set a C$48.00 price target on the stock in a research report on Friday, January 27th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Canadian Natural Resources Limited has an average rating of “Buy” and a consensus target price of C$50.00.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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