CoreCommodity Management LLC reduced its position in Continental Resources, Inc. (NYSE:CLR) by 12.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,180 shares of the oil and natural gas company’s stock after selling 5,499 shares during the period. Continental Resources accounts for about 1.3% of CoreCommodity Management LLC’s portfolio, making the stock its 23rd largest position. CoreCommodity Management LLC’s holdings in Continental Resources were worth $1,494,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC raised its position in shares of Continental Resources by 18.4% in the 4th quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock valued at $67,000 after purchasing an additional 258 shares during the last quarter. Ffcm LLC raised its position in shares of Continental Resources by 1.0% in the 4th quarter. Ffcm LLC now owns 28,620 shares of the oil and natural gas company’s stock valued at $1,150,000 after purchasing an additional 282 shares during the last quarter. Greenleaf Trust raised its position in shares of Continental Resources by 7.0% in the 4th quarter. Greenleaf Trust now owns 5,578 shares of the oil and natural gas company’s stock valued at $224,000 after purchasing an additional 365 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Continental Resources by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 76,978 shares of the oil and natural gas company’s stock valued at $3,094,000 after purchasing an additional 373 shares during the last quarter. Finally, Rational Advisors LLC raised its position in shares of Continental Resources by 207.8% in the 4th quarter. Rational Advisors LLC now owns 674 shares of the oil and natural gas company’s stock valued at $27,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 21.32% of the company’s stock.

In other Continental Resources news, CEO Harold Hamm bought 883,977 shares of the stock in a transaction on Friday, February 22nd. The shares were bought at an average price of $44.49 per share, with a total value of $39,328,136.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 76.83% of the company’s stock.

Continental Resources stock opened at $42.25 on Friday. Continental Resources, Inc. has a 1 year low of $35.54 and a 1 year high of $71.95. The firm has a market capitalization of $15.91 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.34 and a beta of 1.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.95 and a current ratio of 1.02.

Continental Resources (NYSE:CLR) last announced its earnings results on Monday, February 18th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.07). Continental Resources had a return on equity of 18.28% and a net margin of 20.99%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Continental Resources, Inc. will post 1.99 EPS for the current year.

CLR has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Continental Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. TD Securities decreased their price objective on shares of Continental Resources from $57.00 to $56.00 and set a “buy” rating for the company in a research report on Wednesday, February 20th. B. Riley set a $49.00 price objective on shares of Continental Resources and gave the company a “buy clr” rating in a research report on Monday, December 24th. ValuEngine raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, KeyCorp initiated coverage on shares of Continental Resources in a research report on Tuesday, February 12th. They issued an “overweight” rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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