DFT Energy LP lifted its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,000 shares of the oil and natural gas company’s stock after purchasing an additional 15,000 shares during the quarter. Continental Resources comprises about 5.0% of DFT Energy LP’s investment portfolio, making the stock its 13th largest position. DFT Energy LP’s holdings in Continental Resources were worth $5,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sii Investments Inc. WI acquired a new stake in Continental Resources in the 3rd quarter valued at about $200,000. Schwab Charles Investment Management Inc. grew its stake in Continental Resources by 7.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 239,270 shares of the oil and natural gas company’s stock valued at $9,239,000 after acquiring an additional 16,713 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Continental Resources by 8.8% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 190,170 shares of the oil and natural gas company’s stock valued at $7,342,000 after acquiring an additional 15,400 shares during the last quarter. Wells Fargo & Company MN grew its stake in Continental Resources by 40.5% in the 3rd quarter. Wells Fargo & Company MN now owns 568,536 shares of the oil and natural gas company’s stock valued at $21,951,000 after acquiring an additional 163,935 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Continental Resources by 101.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,740 shares of the oil and natural gas company’s stock valued at $57,798,000 after acquiring an additional 748,025 shares during the last quarter. 22.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of Continental Resources, Inc. (NYSE:CLR) opened at $46.05 on Thursday. The stock has a market cap of $17,098.27, a P/E ratio of 1,139.25 and a beta of 1.40. Continental Resources, Inc. has a 1 year low of $29.08 and a 1 year 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 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, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The company had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. During the same quarter last year, the company earned ($0.22) earnings per share. Continental Resources’s revenue for the quarter was up 38.1% on a year-over-year basis. analysts expect that Continental Resources, Inc. will post 0.29 earnings per share for the current year.

CLR has been the topic of a number of recent research reports. BidaskClub upgraded shares of Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada upped their target price on shares of Continental Resources from $48.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. TheStreet upgraded shares of Continental Resources from a “d+” rating to a “c” rating in a report on Friday, November 17th. Finally, Barclays upped their target price on shares of Continental Resources from $37.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $46.69.

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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.

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

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