Continental Resources, Inc. (CLR) Holdings Decreased by Cwm LLC

Cwm LLC reduced its position in Continental Resources, Inc. (NYSE:CLR) by 28.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,636 shares of the oil and natural gas company’s stock after selling 24,755 shares during the period. Cwm LLC’s holdings in Continental Resources were worth $3,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Toronto Dominion Bank boosted its position in shares of Continental Resources by 244.1% during the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after acquiring an additional 2,810 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Continental Resources by 35.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after acquiring an additional 1,261 shares during the last quarter. Sii Investments Inc. WI bought a new position in shares of Continental Resources during the third quarter worth $200,000. Sei Investments Co. boosted its position in shares of Continental Resources by 131.7% during the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after acquiring an additional 3,009 shares during the last quarter. Finally, Bridgecreek Investment Management LLC bought a new position in shares of Continental Resources during the third quarter worth $214,000. Institutional investors and hedge funds own 22.55% of the company’s stock.

In other news, SVP Gary E. Gould sold 5,000 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $49.52, for a total value of $247,600.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark E. Monroe sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total transaction of $958,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,874 shares of company stock worth $2,603,673. Insiders own 76.87% of the company’s stock.

A number of brokerages recently weighed in on CLR. Susquehanna Bancshares restated a “neutral” rating and set a $61.00 target price on shares of Continental Resources in a research report on Wednesday. UBS Group lowered shares of Continental Resources from a “positive” rating to a “neutral” rating in a research report on Wednesday. Barclays restated an “overweight” rating and set a $58.00 target price (up previously from $53.00) on shares of Continental Resources in a research report on Thursday, January 11th. Piper Jaffray Companies restated a “buy” rating and set a $57.00 target price on shares of Continental Resources in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Continental Resources from a “hold” rating to a “strong-buy” rating and set a $63.00 target price for the company in a research report on Friday, January 5th. Eight investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Continental Resources currently has an average rating of “Buy” and an average target price of $49.62.

Shares of Continental Resources, Inc. (NYSE:CLR) opened at $57.18 on Thursday. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $58.89. The firm has a market cap of $21,360.64, a price-to-earnings ratio of -816.74 and a beta of 1.44. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share 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 business had revenue of $726.74 million for the quarter, compared to the consensus estimate of $710.77 million. During the same quarter in the prior year, the firm posted ($0.22) earnings per share. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. sell-side analysts expect that Continental Resources, Inc. will post 0.34 EPS for the current year.

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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.

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

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