New York State Common Retirement Fund lifted its position in Continental Resources, Inc. (NYSE:CLR) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,100 shares of the oil and natural gas company’s stock after buying an additional 10,300 shares during the quarter. New York State Common Retirement Fund owned about 0.07% of Continental Resources worth $9,734,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CLR. Sei Investments Co. grew its stake in shares of Continental Resources by 131.7% in the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock valued at $205,000 after buying an additional 3,009 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of Continental Resources in the second quarter valued at $210,000. KBC Group NV grew its stake in shares of Continental Resources by 51.9% in the second quarter. KBC Group NV now owns 7,076 shares of the oil and natural gas company’s stock valued at $229,000 after buying an additional 2,419 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Continental Resources by 20.7% in the second quarter. Stifel Financial Corp now owns 7,533 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,294 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Continental Resources by 65.2% in the second quarter. Sterling Capital Management LLC now owns 7,600 shares of the oil and natural gas company’s stock valued at $246,000 after buying an additional 3,000 shares in the last quarter. 22.54% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on CLR. Seaport Global Securities raised shares of Continental Resources from a “sell” rating to a “neutral” rating in a research report on Tuesday. Robert W. Baird raised shares of Continental Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $46.00 to $54.00 in a research report on Monday. Macquarie raised shares of Continental Resources from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $53.57 to $55.00 in a research report on Thursday, December 14th. Credit Suisse Group began coverage on shares of Continental Resources in a research report on Monday, December 11th. They set an “outperform” rating and a $57.00 price objective for the company. Finally, ValuEngine raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $47.19.

In other news, Director Mark E. Monroe sold 20,000 shares of Continental Resources stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total transaction of $958,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 76.87% of the stock is currently owned by company insiders.

Shares of Continental Resources, Inc. (CLR) opened at $49.61 on Thursday. Continental Resources, Inc. has a twelve month low of $29.08 and a twelve month high of $53.57. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $18,141.35, a price-to-earnings ratio of 1,208.75 and a beta of 1.44.

Continental Resources (NYSE:CLR) last posted its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The company had revenue of $726.74 million during the quarter, compared to the consensus estimate of $710.77 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The company’s revenue was up 38.1% on a year-over-year basis. research analysts forecast that Continental Resources, Inc. will post 0.3 EPS for the current fiscal year.

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Continental Resources 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.

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

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