Ninepoint Partners LP Acquires Shares of 204,500 Continental Resources, Inc. (CLR)

Ninepoint Partners LP acquired a new stake in Continental Resources, Inc. (NYSE:CLR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 204,500 shares of the oil and natural gas company’s stock, valued at approximately $7,896,000. Ninepoint Partners LP owned approximately 0.05% of Continental Resources as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLR. Toronto Dominion Bank boosted its stake in shares of Continental Resources by 244.1% during the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock valued at $153,000 after purchasing an additional 2,810 shares in the last quarter. Financial Architects Inc lifted its stake in shares of Continental Resources by 870.0% in the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after acquiring an additional 4,350 shares during the period. Shell Asset Management Co. increased its holdings in Continental Resources by 17.7% in the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after purchasing an additional 944 shares in the last quarter. Sei Investments Co. increased its holdings in Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after purchasing an additional 3,009 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new stake in shares of Continental Resources during the second quarter valued at approximately $210,000. 23.27% of the stock is currently owned by institutional investors and hedge funds.

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Continental Resources, Inc. (CLR) traded up $0.27 during trading on Thursday, hitting $44.84. The company’s stock had a trading volume of 3,367,700 shares, compared to its average volume of 2,881,349. The company has a market cap of $17,020.00, a price-to-earnings ratio of 1,114.25 and a beta of 1.40. Continental Resources, Inc. has a twelve month low of $29.08 and a twelve month high of $60.30. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $726.74 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 38.1% on a year-over-year basis. During the same period last year, the business posted ($0.22) EPS. research analysts expect that Continental Resources, Inc. will post 0.25 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Continental Resources from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Continental Resources in a research report on Monday. BMO Capital Markets lifted their target price on Continental Resources from $8.00 to $11.00 in a research report on Monday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $55.00 target price on shares of Continental Resources in a research report on Friday, November 10th. Finally, Scotiabank cut their price objective on Continental Resources from $12.50 to $11.50 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Continental Resources presently has a consensus rating of “Buy” and an average target price of $46.35.

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.

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

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