Continental Resources, Inc. (CLR) Shares Bought by Aperio Group LLC

Aperio Group LLC lifted its position in shares of Continental Resources, Inc. (NYSE:CLR) by 29.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,361 shares of the oil and natural gas company’s stock after purchasing an additional 9,205 shares during the period. Aperio Group LLC’s holdings in Continental Resources were worth $1,558,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLR. Renaissance Technologies LLC increased its position in shares of Continental Resources by 474.8% during 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 in the last quarter. FMR LLC increased its position in shares of Continental Resources by 16.5% during the second quarter. FMR LLC now owns 13,208,383 shares of the oil and natural gas company’s stock worth $427,027,000 after purchasing an additional 1,875,103 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Continental Resources by 26.4% during the second quarter. Vanguard Group Inc. now owns 8,149,867 shares of the oil and natural gas company’s stock worth $263,485,000 after purchasing an additional 1,703,303 shares in the last quarter. Balyasny Asset Management LLC increased its position in shares of Continental Resources by 208.2% during the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock worth $77,106,000 after purchasing an additional 1,611,003 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Continental Resources by 252.2% during the second quarter. JPMorgan Chase & Co. now owns 739,715 shares of the oil and natural gas company’s stock worth $23,915,000 after purchasing an additional 529,664 shares in the last quarter. Institutional investors and hedge funds own 23.27% of the company’s stock.

A number of research firms have recently commented on CLR. Bank of America Corporation lifted their target price on Continental Resources from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday. KeyCorp reissued a “hold” rating on shares of Continental Resources in a report on Monday. BidaskClub raised Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Morgan Stanley raised their price target on Continental Resources from $51.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company’s stock. Continental Resources has a consensus rating of “Buy” and a consensus price target of $46.35.

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Continental Resources, Inc. (CLR) opened at $44.84 on Thursday. 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. The stock has a market capitalization of $16,723.06, a P/E ratio of 1,114.25 and a beta of 1.40.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. During the same period in the previous year, the firm posted ($0.22) EPS. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. analysts predict that Continental Resources, Inc. will post 0.25 earnings per share for the current fiscal year.

Continental Resources 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.

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

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