Toronto Dominion Bank Has $153,000 Stake in Continental Resources, Inc. (CLR)

Toronto Dominion Bank increased its holdings in Continental Resources, Inc. (NYSE:CLR) by 244.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,961 shares of the oil and natural gas company’s stock after buying an additional 2,810 shares during the period. Toronto Dominion Bank’s holdings in Continental Resources were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its position in shares of Continental Resources by 1.5% in the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock valued at $264,000 after buying an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Continental Resources by 1.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock valued at $255,000 after acquiring an additional 146 shares during the last quarter. Utah Retirement Systems increased its stake in Continental Resources by 1.3% in the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock valued at $517,000 after acquiring an additional 200 shares during the last quarter. Aviva PLC increased its stake in Continental Resources by 0.5% in the second quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock valued at $1,819,000 after acquiring an additional 300 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Continental Resources by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock valued at $1,277,000 after acquiring an additional 647 shares during the last quarter. Institutional investors own 23.13% of the company’s stock.

Continental Resources, Inc. (CLR) opened at $46.73 on Monday. Continental Resources, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $60.30. The firm has a market cap of $17,530.00, a PE ratio of 1,168.25 and a beta of 1.40. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.22) earnings per share. sell-side analysts forecast that Continental Resources, Inc. will post 0.29 EPS for the current fiscal year.

A number of brokerages recently issued reports on CLR. Scotiabank decreased their price objective on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating on the stock in a research note on Friday, September 8th. Imperial Capital initiated coverage on shares of Continental Resources in a research note on Tuesday, September 19th. They set an “in-line” rating and a $41.00 target price on the stock. Morgan Stanley boosted their target price on shares of Continental Resources from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Barclays PLC set a $37.00 price target on shares of Continental Resources and gave the stock an “overweight” rating in a report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $55.00 price target on shares of Continental Resources in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.69.

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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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Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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