Hellman Jordan Management Co. Inc. MA Acquires New Stake in Continental Resources, Inc. (NYSE:CLR)

Hellman Jordan Management Co. Inc. MA bought a new position in shares of Continental Resources, Inc. (NYSE:CLR) during the second quarter, Holdings Channel reports. The firm bought 15,000 shares of the oil and natural gas company’s stock, valued at approximately $484,000.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Continental Resources by 65.2% in the first quarter. US Bancorp DE now owns 52,162 shares of the oil and natural gas company’s stock worth $2,370,000 after buying an additional 20,588 shares in the last quarter. Bank of America Corp DE increased its position in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after buying an additional 1,623,470 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Continental Resources by 10.6% in the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after buying an additional 22,201 shares in the last quarter. Capital Impact Advisors LLC increased its position in shares of Continental Resources by 45.2% in the first quarter. Capital Impact Advisors LLC now owns 21,539 shares of the oil and natural gas company’s stock worth $978,000 after buying an additional 6,705 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Continental Resources during the fourth quarter worth about $36,323,000. 23.04% of the stock is owned by institutional investors.

Continental Resources, Inc. (CLR) traded up 2.381% during trading on Monday, reaching $30.745. The company had a trading volume of 1,905,222 shares. The stock’s market capitalization is $11.41 billion. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30. The stock has a 50 day moving average of $36.52 and a 200-day moving average of $44.29.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $685.43 million for the quarter, compared to analyst estimates of $646.46 million. Continental Resources had a negative net margin of 9.08% and a negative return on equity of 3.93%. On average, analysts forecast that Continental Resources, Inc. will post $0.34 earnings per share for the current fiscal year.

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CLR has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $63.00 price target on shares of Continental Resources in a report on Tuesday, April 25th. Barclays PLC restated a “buy” rating and set a $53.00 price target (down previously from $58.00) on shares of Continental Resources in a report on Thursday, April 20th. Stifel Nicolaus restated a “buy” rating and set a $61.00 price target on shares of Continental Resources in a report on Wednesday, April 12th. Scotiabank set a $62.00 price target on Continental Resources and gave the company a “buy” rating in a report on Monday, March 27th. Finally, BMO Capital Markets restated a “buy” rating and set a $55.00 price target on shares of Continental Resources in a report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $53.95.

In other news, CEO Harold Hamm purchased 36,452 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average cost of $42.05 per share, with a total value of $1,532,806.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 76.97% of the stock is currently owned by insiders.

Continental Resources Company Profile

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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