Quadrature Capital Ltd acquired a new position in Continental Resources, Inc. (NYSE:CLR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 62,793 shares of the oil and natural gas company’s stock, valued at approximately $1,101,000.
Several other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Continental Resources by 6.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 17,138 shares of the oil and natural gas company’s stock worth $131,000 after purchasing an additional 1,030 shares during the last quarter. Eqis Capital Management Inc. boosted its position in Continental Resources by 2.7% during the first quarter. Eqis Capital Management Inc. now owns 44,394 shares of the oil and natural gas company’s stock valued at $1,192,000 after acquiring an additional 1,184 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Continental Resources by 1.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 104,071 shares of the oil and natural gas company’s stock valued at $796,000 after acquiring an additional 1,913 shares during the last quarter. Private Advisor Group LLC bought a new stake in Continental Resources during the second quarter valued at $35,000. Finally, PNC Financial Services Group Inc. boosted its position in Continental Resources by 80.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,909 shares of the oil and natural gas company’s stock valued at $38,000 after acquiring an additional 2,182 shares during the last quarter. 16.73% of the stock is currently owned by institutional investors.
NYSE:CLR traded down $0.29 on Friday, hitting $15.67. The stock had a trading volume of 2,322,631 shares, compared to its average volume of 1,988,011. The firm’s fifty day simple moving average is $17.49 and its two-hundred day simple moving average is $15.46. The stock has a market cap of $5.72 billion, a P/E ratio of -74.62 and a beta of 3.41. Continental Resources, Inc. has a 1 year low of $6.90 and a 1 year high of $40.25. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.59 and a current ratio of 0.70.
Continental Resources (NYSE:CLR) last released its quarterly earnings data on Monday, August 3rd. The oil and natural gas company reported ($0.71) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.63) by ($0.08). Continental Resources had a positive return on equity of 1.75% and a negative net margin of 2.17%. The business had revenue of $175.90 million during the quarter, compared to the consensus estimate of $250.07 million. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was down 85.4% on a year-over-year basis. Equities research analysts predict that Continental Resources, Inc. will post -1.2 EPS for the current year.
In other news, Chairman Harold Hamm purchased 1,224,474 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $16.98 per share, with a total value of $20,791,568.52. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders acquired 6,051,443 shares of company stock valued at $101,417,211. Insiders own 79.60% of the company’s stock.
CLR has been the topic of a number of research analyst reports. Imperial Capital upped their price target on shares of Continental Resources from $14.00 to $18.00 and gave the company an “in-line” rating in a research report on Tuesday, June 23rd. Capital One Financial cut shares of Continental Resources from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, August 26th. BMO Capital Markets cut their price target on shares of Continental Resources from $5.75 to $5.50 and set a “market perform” rating on the stock in a research report on Wednesday, May 20th. Citigroup upped their price target on shares of Continental Resources from $13.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, Piper Sandler increased their price objective on shares of Continental Resources from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.89.
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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