TIAA CREF Investment Management LLC grew its stake in Continental Resources, Inc. (NYSE:CLR) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,920,011 shares of the oil and natural gas company’s stock after purchasing an additional 43,649 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.78% of Continental Resources worth $154,673,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CLR. American International Group Inc. bought a new position in shares of Continental Resources in the fourth quarter valued at approximately $102,000. Exane Derivatives bought a new position in shares of Continental Resources in the fourth quarter valued at approximately $113,000. Toronto Dominion Bank lifted its holdings in Continental Resources by 244.1% during the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after acquiring an additional 2,810 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Continental Resources by 35.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 1,261 shares during the period. Finally, Sii Investments Inc. WI bought a new stake in Continental Resources during the third quarter worth $200,000. Institutional investors own 22.42% of the company’s stock.
A number of analysts recently commented on the company. Piper Jaffray Companies set a $62.00 price target on Continental Resources and gave the stock a “buy” rating in a report on Wednesday. UBS Group assumed coverage on Continental Resources in a report on Wednesday, March 7th. They set a “neutral” rating and a $55.00 price target on the stock. Jefferies Group set a $67.00 price target on Continental Resources and gave the stock a “buy” rating in a report on Tuesday, March 6th. ValuEngine lowered Continental Resources from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Finally, KLR Group upgraded Continental Resources from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $55.86.
In other news, President Jack H. Stark sold 12,000 shares of Continental Resources stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $49.05, for a total value of $588,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Gary E. Gould sold 5,000 shares of Continental Resources stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $49.52, for a total value of $247,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders bought 156,909 shares of company stock valued at $7,846,156 and sold 32,874 shares valued at $1,645,673. 76.87% of the stock is currently owned by insiders.
Shares of Continental Resources, Inc. (NYSE:CLR) opened at $52.36 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.87. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $58.89. The stock has a market capitalization of $19,781.38, a price-to-earnings ratio of 24.82 and a beta of 1.45.
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, topping the Zacks’ consensus estimate of $0.32 by $0.09. Continental Resources had a return on equity of 4.25% and a net margin of 25.30%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $978.63 million. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 90.5% on a year-over-year basis. equities analysts predict that Continental Resources, Inc. will post 2.36 EPS for the current fiscal year.
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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