Teachers Advisors LLC raised its position in shares of Continental Resources, Inc. (NYSE:CLR) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,978,228 shares of the oil and natural gas company’s stock after purchasing an additional 65,229 shares during the period. Teachers Advisors LLC owned 0.53% of Continental Resources worth $104,787,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Continental Resources by 1.4% during the 4th quarter. BlackRock Inc. now owns 4,754,734 shares of the oil and natural gas company’s stock worth $251,860,000 after purchasing an additional 64,943 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Continental Resources by 1.5% during the 4th quarter. Jennison Associates LLC now owns 1,631,882 shares of the oil and natural gas company’s stock worth $86,441,000 after purchasing an additional 24,848 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Continental Resources by 101.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,740 shares of the oil and natural gas company’s stock worth $57,798,000 after purchasing an additional 748,025 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Continental Resources during the 3rd quarter worth about $52,973,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Continental Resources by 55.5% during the 4th quarter. Bank of New York Mellon Corp now owns 986,457 shares of the oil and natural gas company’s stock worth $52,253,000 after purchasing an additional 351,930 shares in the last quarter. 22.42% of the stock is owned by institutional investors.
CLR has been the subject of a number of recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $57.00 price target on shares of Continental Resources in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $52.00 price target on shares of Continental Resources in a research note on Wednesday, December 20th. Jefferies Group set a $57.00 price target on Continental Resources and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, November 14th. Finally, Credit Suisse Group set a $65.00 price target on Continental Resources and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Continental Resources currently has an average rating of “Buy” and a consensus price target of $55.66.
Shares of Continental Resources, Inc. (CLR) opened at $51.80 on Wednesday. The stock has a market capitalization of $19,657.56, a P/E ratio of 100.75 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. Continental Resources, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $58.89.
Continental Resources (NYSE:CLR) last released its earnings results on Wednesday, February 21st. The oil and natural gas company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $978.63 million. Continental Resources had a return on equity of 4.25% and a net margin of 25.30%. The company’s revenue was up 90.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) EPS. equities research analysts forecast that Continental Resources, Inc. will post 2.35 earnings per share for the current fiscal year.
In other Continental Resources news, CEO Harold Hamm bought 25,886 shares of the stock in a transaction on Monday, March 5th. The shares were purchased at an average price of $50.59 per share, with a total value of $1,309,572.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Gary E. Gould sold 9,874 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 156,909 shares of company stock worth $7,846,156 and sold 32,874 shares worth $1,645,673. Company insiders own 76.87% of the company’s stock.
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Continental Resources Profile
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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