Public Employees Retirement Association of Colorado decreased its holdings in Continental Resources, Inc. (NYSE:CLR) by 17.3% in the first quarter, HoldingsChannel reports. The firm owned 15,234 shares of the oil and natural gas company’s stock after selling 3,189 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Continental Resources were worth $682,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Rational Advisors LLC boosted its holdings in Continental Resources by 207.8% in the 4th quarter. Rational Advisors LLC now owns 674 shares of the oil and natural gas company’s stock worth $27,000 after buying an additional 455 shares during the last quarter. Private Capital Group LLC boosted its holdings in Continental Resources by 333.3% in the 4th quarter. Private Capital Group LLC now owns 832 shares of the oil and natural gas company’s stock worth $33,000 after buying an additional 640 shares during the last quarter. Legacy Advisors LLC acquired a new stake in Continental Resources in the 1st quarter worth about $45,000. Doyle Wealth Management acquired a new stake in Continental Resources in the 4th quarter worth about $42,000. Finally, NuWave Investment Management LLC boosted its holdings in Continental Resources by 18.4% in the 4th quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock worth $67,000 after buying an additional 258 shares during the last quarter. 21.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CLR opened at $42.00 on Thursday. Continental Resources, Inc. has a 52-week low of $35.54 and a 52-week high of $71.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 1.03. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 0.90 and a beta of 1.45.

Continental Resources (NYSE:CLR) last posted its earnings results on Monday, April 29th. The oil and natural gas company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Continental Resources had a return on equity of 16.71% and a net margin of 20.06%. Continental Resources’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. Analysts predict that Continental Resources, Inc. will post 2.75 earnings per share for the current fiscal year.

In related news, CEO Harold Hamm acquired 883,977 shares of the firm’s stock in a transaction on Friday, February 22nd. The stock was bought at an average price of $44.49 per share, for a total transaction of $39,328,136.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 1,675,805 shares of company stock worth $73,335,967 in the last three months. 77.03% of the stock is currently owned by corporate insiders.

CLR has been the topic of several recent research reports. TD Securities lowered their target price on Continental Resources from $57.00 to $56.00 and set a “buy” rating on the stock in a report on Wednesday, February 20th. KeyCorp initiated coverage on Continental Resources in a report on Tuesday, February 12th. They set an “overweight” rating and a $52.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and set a $64.00 target price on shares of Continental Resources in a report on Wednesday, January 30th. Barclays set a $62.00 target price on Continental Resources and gave the stock a “buy” rating in a report on Wednesday, January 16th. Finally, Scotiabank restated a “buy” rating and set a $7.00 target price on shares of Continental Resources in a report on Tuesday, March 12th. Seven equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $63.50.

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Continental Resources Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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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Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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