Tredje AP fonden trimmed its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 47.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,620 shares of the oil and natural gas company’s stock after selling 5,890 shares during the period. Tredje AP fonden’s holdings in Continental Resources were worth $256,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its stake in Continental Resources by 244.1% in the 3rd quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after purchasing an additional 2,810 shares during the last quarter. Sii Investments Inc. WI bought a new position in Continental Resources in the 3rd quarter valued at about $200,000. Shell Asset Management Co. raised its holdings in Continental Resources by 17.7% in the 2nd quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock valued at $203,000 after acquiring an additional 944 shares during the period. Sei Investments Co. raised its holdings in Continental Resources by 131.7% in the 3rd quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after acquiring an additional 3,009 shares during the period. Finally, IndexIQ Advisors LLC bought a new position in Continental Resources in the 2nd quarter valued at about $210,000. Institutional investors own 22.59% of the company’s stock.
Shares of Continental Resources, Inc. (CLR) opened at $47.93 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The stock has a market cap of $17,983.76, a P/E ratio of 1,198.25 and a beta of 1.44. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $57.81.
Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business had revenue of $726.74 million for the quarter, compared to analyst estimates 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 quarter last year, the business posted ($0.22) EPS. analysts forecast that Continental Resources, Inc. will post 0.29 earnings per share for the current fiscal year.
Several research analysts have weighed in on CLR shares. TheStreet raised shares of Continental Resources from a “d+” rating to a “c” rating in a report on Friday, November 17th. Royal Bank Of Canada increased their price target on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Barclays increased their price target on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Wednesday, November 8th. Finally, Morgan Stanley increased their price target on shares of Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.24.
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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