Continental Resources, Inc. (CLR) Stake Raised by Trexquant Investment LP

Trexquant Investment LP raised its stake in Continental Resources, Inc. (NYSE:CLR) by 124.3% during the first quarter, Holdings Channel reports. The fund owned 44,355 shares of the oil and natural gas company’s stock after buying an additional 24,582 shares during the period. Trexquant Investment LP’s holdings in Continental Resources were worth $2,015,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Continental Resources by 3.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,477 shares of the oil and natural gas company’s stock valued at $700,000 after buying an additional 397 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Continental Resources by 7.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 331,275 shares of the oil and natural gas company’s stock valued at $17,213,000 after buying an additional 22,769 shares during the period. Synovus Financial Corp boosted its position in Continental Resources by 61.7% in the third quarter. Synovus Financial Corp now owns 4,666 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,781 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in Continental Resources by 19.6% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 11,918 shares of the oil and natural gas company’s stock valued at $1,984,000 after buying an additional 1,956 shares during the period. Finally, Sprott Inc. purchased a new position in Continental Resources during the third quarter valued at $286,000. 23.17% of the stock is owned by institutional investors.

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

Continental Resources, Inc. (NYSE:CLR) traded up 2.95% during trading on Friday, hitting $42.63. 2,173,472 shares of the company traded hands. The company’s 50 day moving average is $43.49 and its 200-day moving average is $47.52. Continental Resources, Inc. has a 52 week low of $39.30 and a 52 week high of $60.30. The stock’s market capitalization is $15.82 billion.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Continental Resources had a negative net margin of 28.27% and a negative return on equity of 8.69%. The company had revenue of $685.43 million for the quarter, compared to analysts’ expectations of $646.46 million. Analysts predict that Continental Resources, Inc. will post $0.43 earnings per share for the current year.

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Several research analysts recently weighed in on CLR shares. Stifel Nicolaus restated a “buy” rating and set a $61.00 price target on shares of Continental Resources in a report on Wednesday, April 12th. KLR Group boosted their target price on shares of Continental Resources from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Scotiabank reiterated a “buy” rating and issued a $68.00 target price on shares of Continental Resources in a research note on Thursday, February 23rd. FBR & Co dropped their target price on shares of Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $63.00 target price on shares of Continental Resources in a research note on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.71.

In other Continental Resources news, CEO Harold Hamm purchased 41,998 shares of Continental Resources stock in a transaction that occurred on Friday, March 24th. The shares were bought at an average price of $42.37 per share, for a total transaction of $1,779,455.26. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John D. Hart sold 6,000 shares of the business’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $45.50, for a total transaction of $273,000.00. The disclosure for this sale can be found here. Insiders own 76.97% of the company’s stock.

About Continental Resources

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.

12 Month Chart for NYSE:CLR

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