Mizuho Trust & Banking Co. Ltd. raised its stake in Continental Resources Inc. (NYSE:CLR) by 0.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 127,845 shares of the company’s stock after buying an additional 46 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Continental Resources were worth $6,643,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlueMountain Capital Management LLC acquired a new position in Continental Resources during the first quarter valued at approximately $129,000. Synovus Financial Corp acquired a new position in Continental Resources during the second quarter valued at approximately $131,000. I.G. Investment Management LTD. acquired a new position in Continental Resources during the second quarter valued at approximately $149,000. Shell Asset Management Co. boosted its position in Continental Resources by 19.3% in the second quarter. Shell Asset Management Co. now owns 3,737 shares of the company’s stock valued at $169,000 after buying an additional 604 shares during the period. Finally, Westpac Banking Corp boosted its position in Continental Resources by 45.1% in the second quarter. Westpac Banking Corp now owns 4,276 shares of the company’s stock valued at $194,000 after buying an additional 1,329 shares during the period. Institutional investors and hedge funds own 24.07% of the company’s stock.
Continental Resources Inc. (NYSE:CLR) traded down 0.32% during trading on Thursday, hitting $53.37. 1,321,324 shares of the stock were exchanged. The stock has a 50 day moving average price of $50.49 and a 200-day moving average price of $46.42. Continental Resources Inc. has a 12-month low of $13.94 and a 12-month high of $55.07. The firm’s market capitalization is $19.77 billion.
Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.07. The company earned $526.20 million during the quarter, compared to analyst estimates of $148.37 million. Continental Resources had a negative net margin of 28.27% and a negative return on equity of 8.69%. The business’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, equities research analysts anticipate that Continental Resources Inc. will post ($0.89) earnings per share for the current fiscal year.
CLR has been the subject of several research analyst reports. Canaccord Genuity set a $60.00 price objective on Continental Resources and gave the company a “buy” rating in a report on Wednesday, November 2nd. Stifel Nicolaus reissued a “hold” rating on shares of Continental Resources in a report on Wednesday, August 31st. SunTrust Banks Inc. raised Continental Resources from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, August 1st. Barclays PLC raised Continental Resources from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $60.00 in a report on Monday, October 17th. Finally, Nomura boosted their price objective on Continental Resources from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Continental Resources has a consensus rating of “Buy” and a consensus price target of $46.07.
In other Continental Resources news, COO Jack H. Stark sold 12,000 shares of Continental Resources stock in a transaction on Friday, August 26th. The shares were sold at an average price of $49.24, for a total transaction of $590,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Gary E. Gould sold 5,000 shares of Continental Resources stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $50.25, for a total transaction of $251,250.00. The disclosure for this sale can be found here. 76.97% of the stock is currently owned by corporate insiders.
Continental Resources Company Profile