Bokf Na boosted its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,162 shares of the oil and natural gas company’s stock after buying an additional 11,506 shares during the period. Bokf Na’s holdings in Continental Resources were worth $3,462,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CLR. Bridgeway Capital Management Inc. acquired a new stake in Continental Resources during the third quarter worth $44,669,000. Point72 Asset Management L.P. boosted its stake in Continental Resources by 125.7% during the third quarter. Point72 Asset Management L.P. now owns 676,991 shares of the oil and natural gas company’s stock worth $46,225,000 after buying an additional 376,991 shares in the last quarter. Prudential Financial Inc. boosted its stake in Continental Resources by 31.0% during the third quarter. Prudential Financial Inc. now owns 1,225,496 shares of the oil and natural gas company’s stock worth $83,677,000 after buying an additional 290,300 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Continental Resources by 35.4% during the third quarter. Janus Henderson Group PLC now owns 1,048,560 shares of the oil and natural gas company’s stock worth $71,596,000 after buying an additional 274,276 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Continental Resources by 5.5% during the third quarter. BlackRock Inc. now owns 5,095,210 shares of the oil and natural gas company’s stock worth $347,901,000 after buying an additional 266,183 shares in the last quarter. Hedge funds and other institutional investors own 21.32% of the company’s stock.
A number of equities research analysts have weighed in on CLR shares. Barclays decreased their price target on shares of Continental Resources from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 14th. Credit Suisse Group reissued a “hold” rating on shares of Continental Resources in a report on Thursday, November 15th. TheStreet cut Continental Resources from a “b-” rating to a “c+” rating in a report on Wednesday, November 14th. Piper Jaffray Companies reissued a “buy” rating and set a $69.00 price objective on shares of Continental Resources in a report on Monday, November 19th. Finally, Zacks Investment Research cut Continental Resources from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-two have issued a buy rating to the company. Continental Resources currently has an average rating of “Buy” and an average target price of $65.11.
In other news, CEO Harold Hamm acquired 883,977 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was purchased at an average cost of $44.49 per share, with a total value of $39,328,136.73. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 76.83% of the company’s stock.
Continental Resources stock opened at $42.32 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.02 and a quick ratio of 0.95. Continental Resources, Inc. has a 12-month low of $35.54 and a 12-month high of $71.95. The stock has a market capitalization of $15.91 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.46.
Continental Resources (NYSE:CLR) last released its quarterly earnings results on Monday, February 18th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.07). The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.17 billion. Continental Resources had a net margin of 20.99% and a return on equity of 18.28%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, sell-side analysts predict that Continental Resources, Inc. will post 1.99 EPS for the current fiscal year.
Continental Resources Profile
Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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.
Further Reading: Cash Flow
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