Continental Resources, Inc. (CLR) Shares Bought by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale increased its stake in Continental Resources, Inc. (NYSE:CLR) by 30.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,496 shares of the oil and natural gas company’s stock after purchasing an additional 3,368 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Continental Resources were worth $988,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Rafferty Asset Management LLC lifted its holdings in Continental Resources by 63.9% in the third quarter. Rafferty Asset Management LLC now owns 7,927 shares of the oil and natural gas company’s stock worth $541,000 after purchasing an additional 3,090 shares during the period. Ffcm LLC lifted its holdings in Continental Resources by 22.4% in the third quarter. Ffcm LLC now owns 28,338 shares of the oil and natural gas company’s stock worth $1,937,000 after purchasing an additional 5,180 shares during the period. BlackRock Inc. lifted its holdings in Continental Resources by 5.5% in the third quarter. BlackRock Inc. now owns 5,095,210 shares of the oil and natural gas company’s stock worth $347,901,000 after purchasing an additional 266,183 shares during the period. Akanthos Capital Management LLC lifted its holdings in Continental Resources by 100.0% in the third quarter. Akanthos Capital Management LLC now owns 100,000 shares of the oil and natural gas company’s stock worth $6,828,000 after purchasing an additional 50,000 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Continental Resources by 35.4% in the third quarter. Janus Henderson Group PLC now owns 1,048,560 shares of the oil and natural gas company’s stock worth $71,596,000 after purchasing an additional 274,276 shares during the period. 21.61% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on the stock. ValuEngine raised shares of Continental Resources from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Piper Jaffray Companies assumed coverage on shares of Continental Resources in a report on Friday, September 28th. They issued an “overweight” rating for the company. Scotiabank reissued a “buy” rating and issued a $78.00 price target on shares of Continental Resources in a report on Thursday, September 27th. Morgan Stanley cut their price target on shares of Continental Resources from $92.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, September 26th. Finally, BMO Capital Markets downgraded shares of Continental Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have assigned a buy rating to the stock. Continental Resources currently has an average rating of “Buy” and a consensus price target of $71.17.
CLR stock opened at $46.11 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 1.00. Continental Resources, Inc. has a one year low of $43.53 and a one year high of $71.95. The stock has a market cap of $17.92 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.70 and a beta of 1.47.
Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Monday, October 29th. The oil and natural gas company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. Continental Resources had a net margin of 35.43% and a return on equity of 18.48%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was up 76.4% on a year-over-year basis. Sell-side analysts predict that Continental Resources, Inc. will post 3.14 EPS for the current year.
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Continental Resources Company Profile
Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
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