Canadian Natural Resources Limited (CNQ) Plans $0.28 Quarterly Dividend
Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors of record on Tuesday, December 12th will be given a dividend of 0.275 per share on Monday, January 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, December 11th.
Several brokerages recently weighed in on CNQ. National Bank Financial increased their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Barclays PLC cut their price target on shares of Canadian Natural Resources Limited from C$50.00 to C$34.00 in a report on Thursday, July 6th. CIBC cut their price target on shares of Canadian Natural Resources Limited from C$55.00 to C$50.00 in a report on Thursday, July 20th. Finally, Canaccord Genuity increased their price target on shares of Canadian Natural Resources Limited from C$47.00 to C$48.00 in a report on Wednesday, September 6th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$50.69.
In other news, insider Betty Yee sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of C$41.27, for a total transaction of C$156,826.00. Also, insider Allan E. Frankiw sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$38.77, for a total transaction of C$38,770.00. Insiders have sold a total of 178,331 shares of company stock worth $7,223,721 in the last ninety days.
Canadian Natural Resources Limited Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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