Whittier Trust Co. of Nevada Inc. increased its stake in Continental Resources, Inc. (NYSE:CLR) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,078 shares of the oil and natural gas company’s stock after buying an additional 1,013 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Continental Resources were worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its position in Continental Resources by 17.3% in the first quarter. Gateway Investment Advisers LLC now owns 287,039 shares of the oil and natural gas company’s stock valued at $13,037,000 after buying an additional 42,351 shares in the last quarter. CWM LLC raised its position in Continental Resources by 5.0% in the first quarter. CWM LLC now owns 71,515 shares of the oil and natural gas company’s stock valued at $3,248,000 after buying an additional 3,408 shares in the last quarter. Viking Fund Management LLC raised its position in Continental Resources by 9.8% in the first quarter. Viking Fund Management LLC now owns 280,000 shares of the oil and natural gas company’s stock valued at $12,718,000 after buying an additional 25,000 shares in the last quarter. Skylands Capital LLC raised its position in Continental Resources by 414.3% in the first quarter. Skylands Capital LLC now owns 18,361 shares of the oil and natural gas company’s stock valued at $834,000 after buying an additional 14,791 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Continental Resources by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 30,134 shares of the oil and natural gas company’s stock valued at $1,368,000 after buying an additional 400 shares in the last quarter. Institutional investors own 23.03% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE CLR) traded down 3.18% during trading on Friday, reaching $31.41. 4,721,901 shares of the company were exchanged. The stock’s market capitalization is $11.66 billion. Continental Resources, Inc. has a 1-year low of $29.08 and a 1-year high of $60.30. The firm has a 50-day moving average price of $32.84 and a 200-day moving average price of $42.23.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and natural gas company reported $0.02 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Continental Resources had a negative net margin of 9.08% and a negative return on equity of 3.93%. The company had revenue of $685.43 million during the quarter, compared to analysts’ expectations of $646.46 million. Equities research analysts predict that Continental Resources, Inc. will post $0.22 earnings per share for the current fiscal year.

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Several research analysts have issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $61.00 target price on shares of Continental Resources in a research report on Wednesday, April 12th. Royal Bank Of Canada restated a “buy” rating and set a $63.00 target price on shares of Continental Resources in a research report on Tuesday, April 25th. Barclays PLC restated a “buy” rating and set a $53.00 target price (down previously from $58.00) on shares of Continental Resources in a research report on Thursday, April 20th. Scotiabank set a $62.00 target price on Continental Resources and gave the company a “buy” rating in a research report on Monday, March 27th. Finally, FBR & Co dropped their target price on Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating for the company in a research report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.54.

In other Continental Resources news, CEO Harold Hamm purchased 36,452 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $42.05 per share, with a total value of $1,532,806.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 76.97% of the company’s stock.

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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