Mackenzie Financial Corp Acquires Shares of 7,372 Continental Resources, Inc. (NYSE:CLR)

Mackenzie Financial Corp acquired a new stake in shares of Continental Resources, Inc. (NYSE:CLR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,372 shares of the oil and natural gas company’s stock, valued at approximately $310,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Continental Resources by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,814,384 shares of the oil and natural gas company’s stock valued at $370,998,000 after purchasing an additional 168,057 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Continental Resources by 6.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,462,357 shares of the oil and natural gas company’s stock valued at $356,181,000 after buying an additional 512,106 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Continental Resources by 42.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,354,794 shares of the oil and natural gas company’s stock valued at $141,203,000 after buying an additional 1,000,030 shares in the last quarter. Worldquant Millennium Advisors LLC raised its position in shares of Continental Resources by 190.9% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,019,207 shares of the oil and natural gas company’s stock valued at $42,898,000 after buying an additional 668,830 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Continental Resources by 1.5% during the 2nd quarter. Northern Trust Corp now owns 836,129 shares of the oil and natural gas company’s stock valued at $35,194,000 after buying an additional 12,101 shares in the last quarter. 19.44% of the stock is owned by institutional investors and hedge funds.

Continental Resources stock opened at $28.46 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.03 and a quick ratio of 0.95. Continental Resources, Inc. has a 1-year low of $27.26 and a 1-year high of $62.68. The firm has a market capitalization of $10.66 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 0.97 and a beta of 1.65. The company’s 50-day moving average is $30.66 and its 200 day moving average is $37.91.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Monday, August 5th. The oil and natural gas company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Continental Resources had a return on equity of 15.09% and a net margin of 19.64%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts anticipate that Continental Resources, Inc. will post 2.26 earnings per share for the current fiscal year.

CLR has been the topic of several recent research reports. MKM Partners decreased their target price on shares of Continental Resources from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley decreased their target price on shares of Continental Resources from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Friday, October 4th. Seaport Global Securities restated a “buy” rating on shares of Continental Resources in a research report on Friday, June 21st. Royal Bank of Canada restated a “buy” rating and set a $52.00 target price on shares of Continental Resources in a research report on Thursday, August 8th. Finally, Mizuho cut shares of Continental Resources from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.48.

About Continental Resources

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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