Continental Resources (CLR) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Continental Resources (NYSE:CLR) by 47.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,681 shares of the oil and natural gas company’s stock after purchasing an additional 8,895 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Continental Resources were worth $1,632,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLR. Nisa Investment Advisors LLC grew its stake in Continental Resources by 13.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 67,386 shares of the oil and natural gas company’s stock valued at $3,569,000 after purchasing an additional 8,186 shares in the last quarter. Bank of Montreal Can grew its stake in Continental Resources by 95.0% during the 4th quarter. Bank of Montreal Can now owns 148,574 shares of the oil and natural gas company’s stock valued at $7,869,000 after purchasing an additional 72,391 shares in the last quarter. Creative Planning grew its stake in Continental Resources by 36.4% during the 4th quarter. Creative Planning now owns 16,714 shares of the oil and natural gas company’s stock valued at $885,000 after purchasing an additional 4,460 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Continental Resources by 15.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 276,253 shares of the oil and natural gas company’s stock valued at $14,634,000 after purchasing an additional 36,983 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Continental Resources during the 4th quarter valued at approximately $317,000. Hedge funds and other institutional investors own 21.92% of the company’s stock.

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

CLR opened at $68.83 on Friday. Continental Resources has a one year low of $67.34 and a one year high of $68.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.85 and a current ratio of 0.93. The firm has a market capitalization of $25.62 billion, a PE ratio of 134.96 and a beta of 1.27.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, May 2nd. The oil and natural gas company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate 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 in the previous year, the business earned $0.02 EPS. The company’s quarterly revenue was up 66.5% compared to the same quarter last year. research analysts forecast that Continental Resources will post 2.69 EPS for the current year.

In related news, CEO Harold Hamm bought 99,028 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were bought at an average cost of $50.26 per share, with a total value of $4,977,147.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven K. Owen sold 18,000 shares of the business’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $66.16, for a total value of $1,190,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 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 insiders.

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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