Continental Resources (CLR) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Continental Resources (NYSE:CLR) by 2.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,548 shares of the oil and natural gas company’s stock after selling 1,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Continental Resources were worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Ffcm LLC grew its position in Continental Resources by 693.8% in the 1st quarter. Ffcm LLC now owns 6,993 shares of the oil and natural gas company’s stock valued at $413,000 after acquiring an additional 6,112 shares during the last quarter. AGF Investments Inc. grew its position in Continental Resources by 10.7% in the 1st quarter. AGF Investments Inc. now owns 82,501 shares of the oil and natural gas company’s stock valued at $4,863,000 after acquiring an additional 7,962 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Continental Resources in the 1st quarter valued at $708,000. Bbva Compass Bancshares Inc. grew its position in Continental Resources by 10.8% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 22,811 shares of the oil and natural gas company’s stock valued at $1,345,000 after acquiring an additional 2,232 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Continental Resources by 142.0% in the 1st quarter. Prudential Financial Inc. now owns 315,696 shares of the oil and natural gas company’s stock valued at $18,610,000 after acquiring an additional 185,250 shares during the last quarter. 21.92% of the stock is currently owned by institutional investors.

Shares of CLR stock opened at $68.83 on Friday. Continental Resources has a 1-year low of $67.34 and a 1-year high of $68.49. The stock has a market cap of $25.62 billion, a P/E ratio of 134.96 and a beta of 1.27. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.85 and a current ratio of 0.93.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Continental Resources had a return on equity of 9.23% and a net margin of 28.60%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company earned $0.02 earnings per share. The firm’s revenue for the quarter was up 66.5% compared to the same quarter last year. equities analysts anticipate that Continental Resources will post 2.69 earnings per share for the current fiscal year.

In other Continental Resources news, Director Ellis L. Mccain sold 2,222 shares of the stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $66.37, for a total value of $147,474.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric Spencer Eissenstat sold 10,000 shares of the stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $56.02, for a total value of $560,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 156,909 shares of company stock worth $7,846,156 and have sold 48,222 shares worth $2,900,584. 76.83% of the stock is owned by company insiders.

Several equities analysts have commented on CLR shares. Tudor Pickering downgraded Continental Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Cowen set a $58.00 price objective on Continental Resources and gave the company a “hold” rating in a research report on Thursday, January 18th. KLR Group downgraded Continental Resources from a “buy” rating to a “hold” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, January 23rd. Credit Suisse Group set a $65.00 price objective on Continental Resources and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on Continental Resources from $56.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Twelve research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $61.13.

Continental Resources Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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

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