Miller Howard Investments Inc. NY raised its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 22.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,097 shares of the oil and natural gas company’s stock after purchasing an additional 4,060 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Continental Resources were worth $853,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Continental Resources by 4,992.6% during the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Continental Resources by 474.8% in the second 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 during the period. FMR LLC grew its position in Continental Resources by 16.5% in the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock valued at $427,027,000 after acquiring an additional 1,875,103 shares during the last quarter. Vanguard Group Inc. grew its position in Continental Resources by 26.4% in the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock valued at $263,485,000 after acquiring an additional 1,703,303 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in Continental Resources by 208.2% in the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after acquiring an additional 1,611,003 shares during the last quarter. 23.27% of the stock is owned by institutional investors and hedge funds.
Shares of Continental Resources, Inc. (CLR) traded up $0.37 on Monday, hitting $46.69. The stock had a trading volume of 2,854,600 shares, compared to its average volume of 2,865,865. The stock has a market cap of $17,518.50, a price-to-earnings ratio of 1,167.25 and a beta of 1.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30.
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, beating the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to analysts’ expectations of $710.77 million. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company’s quarterly revenue was up 38.1% on a year-over-year basis. During the same period last year, the firm earned ($0.22) EPS. research analysts forecast that Continental Resources, Inc. will post 0.23 earnings per share for the current fiscal year.
A number of research analysts have issued reports on CLR shares. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC lifted their price target on Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, October 11th. Royal Bank Of Canada lifted their price target on Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup Inc. cut their price target on Continental Resources from $60.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.31.
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Continental Resources Company 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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