Deprince Race & Zollo Inc. bought a new position in shares of Continental Resources, Inc. (NYSE:CLR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the oil and natural gas company’s stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its position in shares of Continental Resources by 1.5% during the second quarter. ProShare Advisors LLC now owns 8,180 shares of the oil and natural gas company’s stock worth $264,000 after purchasing an additional 118 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Continental Resources by 1.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,873 shares of the oil and natural gas company’s stock worth $255,000 after purchasing an additional 146 shares in the last quarter. Utah Retirement Systems increased its position in shares of Continental Resources by 1.3% during the second quarter. Utah Retirement Systems now owns 16,004 shares of the oil and natural gas company’s stock worth $517,000 after purchasing an additional 200 shares in the last quarter. Aviva PLC increased its position in shares of Continental Resources by 0.5% during the second quarter. Aviva PLC now owns 56,252 shares of the oil and natural gas company’s stock worth $1,819,000 after purchasing an additional 300 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Continental Resources by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock worth $1,277,000 after purchasing an additional 647 shares in the last quarter. Institutional investors and hedge funds own 23.27% of the company’s stock.

A number of analysts have recently commented on CLR shares. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada boosted their price target on Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Barclays PLC boosted their price target on Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, October 11th. Finally, Morgan Stanley boosted their price target on Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. Continental Resources currently has a consensus rating of “Buy” and a consensus target price of $46.35.

Shares of Continental Resources, Inc. (CLR) opened at $45.92 on Friday. The company has a market capitalization of $17,229.60, a P/E ratio of 1,148.00 and a beta of 1.40. 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 52 week low of $29.08 and a 52 week high of $60.30.

Continental Resources (NYSE:CLR) last announced its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 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 business had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same quarter in the previous year, the company earned ($0.22) EPS. The company’s quarterly revenue was up 38.1% on a year-over-year basis. research analysts expect that Continental Resources, Inc. will post 0.27 earnings per share for the current fiscal year.

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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.

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

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