Réal Michel Cusson Purchases 70,000 Shares of Canadian Natural Resources Limited (CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Réal Michel Cusson purchased 70,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average price of C$36.78 per share, for a total transaction of C$2,574,600.00.

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

  • On Friday, March 17th, Réal Michel Cusson purchased 15,000 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$551,700.00.
  • 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 transaction of C$427,500.00.

Canadian Natural Resources Limited (TSE:CNQ) opened at 43.04 on Tuesday. The firm’s 50 day moving average is $40.25 and its 200-day moving average is $41.69. Canadian Natural Resources Limited has a 12 month low of $33.11 and a 12 month high of $46.74. The firm’s market cap is $47.89 billion.

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

The company also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Friday, March 17th will be given a dividend of $0.275 per share. This is a positive change from Canadian Natural Resources Limited’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Wednesday, March 15th.

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A number of research analysts recently commented on the stock. Barclays PLC upped their price target on shares of Canadian Natural Resources Limited from C$49.00 to C$52.00 and gave the company an “overweight” rating in a research note on Monday, March 13th. BMO Capital Markets upped their price target on shares of Canadian Natural Resources Limited from C$52.00 to C$57.00 in a research note on Friday, March 10th. Raymond James Financial, Inc. upped their price target on shares of Canadian Natural Resources Limited from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research note on Friday, March 10th. Royal Bank of Canada upped their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$60.00 and gave the company a “top pick” rating in a research note on Friday, March 10th. Finally, Scotiabank upped their price target on shares of Canadian Natural Resources Limited from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, March 10th. Seven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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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