Oppenheimer & Co. Inc. Sells 30,160 Shares of Continental Resources, Inc. (CLR)

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Oppenheimer & Co. Inc. cut its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 74.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,540 shares of the oil and natural gas company’s stock after selling 30,160 shares during the period. Oppenheimer & Co. Inc.’s holdings in Continental Resources were worth $683,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CLR. Point72 Asset Management L.P. boosted its position in Continental Resources by 2,513.9% during the 1st quarter. Point72 Asset Management L.P. now owns 1,306,929 shares of the oil and natural gas company’s stock worth $77,043,000 after buying an additional 1,256,929 shares during the period. Cannell Peter B & Co. Inc. acquired a new stake in Continental Resources during the 1st quarter worth approximately $33,053,000. Slate Path Capital LP acquired a new stake in Continental Resources during the 1st quarter worth approximately $28,886,000. KBC Group NV boosted its position in Continental Resources by 113.6% during the 2nd quarter. KBC Group NV now owns 663,108 shares of the oil and natural gas company’s stock worth $42,943,000 after buying an additional 352,599 shares during the period. Finally, First Trust Advisors LP boosted its position in Continental Resources by 128.6% during the 2nd quarter. First Trust Advisors LP now owns 549,231 shares of the oil and natural gas company’s stock worth $35,568,000 after buying an additional 309,005 shares during the period. Institutional investors and hedge funds own 22.53% of the company’s stock.

CLR has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Continental Resources from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. KLR Group upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $78.00 in a research report on Tuesday, July 24th. TD Securities boosted their price target on shares of Continental Resources from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Jefferies Financial Group set a $83.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research report on Friday, July 13th. Finally, Bank of America boosted their price target on shares of Continental Resources from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Twelve investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $69.72.

NYSE:CLR opened at $59.80 on Friday. The firm has a market capitalization of $22.80 billion, a PE ratio of 31.75, a P/E/G ratio of 1.31 and a beta of 1.30. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.89. Continental Resources, Inc. has a twelve month low of $33.04 and a twelve month high of $69.91.

Continental Resources (NYSE:CLR) last released its quarterly earnings data on Tuesday, August 7th. The oil and natural gas company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.02. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. Continental Resources had a net margin of 32.80% and a return on equity of 14.01%. analysts forecast that Continental Resources, Inc. will post 3.12 EPS for the current fiscal year.

Continental Resources Company Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties 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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