Cramer Rosenthal Mcglynn LLC trimmed its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,167,132 shares of the oil and natural gas company’s stock after selling 11,845 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.31% of Continental Resources worth $45,063,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Continental Resources by 474.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,892,600 shares of the oil and natural gas company’s stock worth $93,518,000 after purchasing an additional 2,389,400 shares in the last quarter. FMR LLC raised its stake in shares of Continental Resources by 16.5% during the 2nd quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after purchasing an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Continental Resources by 26.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after purchasing an additional 1,703,303 shares in the last quarter. Balyasny Asset Management LLC raised its stake in shares of Continental Resources by 208.2% during the 2nd quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after purchasing an additional 1,611,003 shares in the last quarter. Finally, 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. 22.59% of the stock is owned by institutional investors and hedge funds.
Continental Resources, Inc. (NYSE CLR) traded down $0.74 during midday trading on Thursday, hitting $47.31. The stock had a trading volume of 2,244,900 shares, compared to its average volume of 2,795,400. The firm has a market cap of $18,028.79, a PE ratio of 1,201.25 and a beta of 1.44. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $54.90. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85.
Continental Resources (NYSE:CLR) last announced its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The business had revenue of $726.74 million during the quarter, compared to analysts’ expectations of $710.77 million. During the same period in the previous year, the firm earned ($0.22) earnings per share. The firm’s quarterly revenue was up 38.1% compared to the same quarter last year. equities research analysts forecast that Continental Resources, Inc. will post 0.29 earnings per share for the current year.
A number of research analysts have recently commented on CLR shares. TheStreet raised Continental Resources from a “d+” rating to a “c” rating in a report on Friday, November 17th. Royal Bank of Canada increased their price objective on 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 objective on 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 Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, November 8th. Finally, Morgan Stanley raised their target price on Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.60.
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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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