Neuburgh Advisers LLC trimmed its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 10.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,418 shares of the oil and natural gas company’s stock after selling 1,122 shares during the period. Neuburgh Advisers LLC’s holdings in Continental Resources were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in Continental Resources by 5.5% during 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 acquiring an additional 266,183 shares during the period. Morgan Stanley grew its holdings in Continental Resources by 12.3% during the third quarter. Morgan Stanley now owns 1,695,983 shares of the oil and natural gas company’s stock worth $115,802,000 after acquiring an additional 185,580 shares during the period. Bank of New York Mellon Corp grew its holdings in Continental Resources by 26.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,220,703 shares of the oil and natural gas company’s stock worth $49,059,000 after acquiring an additional 257,350 shares during the period. Janus Henderson Group PLC grew its holdings in Continental Resources by 35.4% during 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 acquiring an additional 274,276 shares during the period. Finally, Northern Trust Corp grew its holdings in Continental Resources by 4.7% during the fourth quarter. Northern Trust Corp now owns 828,055 shares of the oil and natural gas company’s stock worth $33,280,000 after acquiring an additional 37,093 shares during the period. 21.32% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Harold Hamm bought 883,977 shares of the firm’s stock in a transaction dated Friday, February 22nd. The shares were acquired at an average price of $44.49 per share, for a total transaction of $39,328,136.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 76.83% of the company’s stock.
Continental Resources (NYSE:CLR) last released its earnings results on Monday, February 18th. The oil and natural gas company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Continental Resources had a net margin of 20.99% and a return on equity of 18.28%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. On average, research analysts predict that Continental Resources, Inc. will post 1.99 earnings per share for the current fiscal year.
A number of equities analysts have issued reports on the company. Capital One Financial upgraded Continental Resources from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded Continental Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, November 20th. Jefferies Financial Group downgraded Continental Resources to a “hold” rating in a research report on Tuesday, December 4th. TD Securities lowered their price target on Continental Resources from $57.00 to $56.00 and set a “buy” rating on the stock in a research report on Wednesday, February 20th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $69.00 price target on shares of Continental Resources in a research report on Monday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.11.
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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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