Windward Capital Management Co. CA raised its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,293 shares of the oil and natural gas company’s stock after buying an additional 4,286 shares during the period. Windward Capital Management Co. CA’s holdings in Continental Resources were worth $7,462,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Castleark Management LLC boosted its position in shares of Continental Resources by 3.2% in the fourth quarter. Castleark Management LLC now owns 575,168 shares of the oil and natural gas company’s stock valued at $29,644,000 after buying an additional 17,628 shares during the period. L & S Advisors Inc purchased a new position in shares of Continental Resources during the fourth quarter valued at approximately $3,071,000. California Public Employees Retirement System boosted its position in shares of Continental Resources by 0.3% in the third quarter. California Public Employees Retirement System now owns 255,300 shares of the oil and natural gas company’s stock valued at $13,265,000 after buying an additional 800 shares during the period. Penn Capital Management Co. Inc. boosted its position in shares of Continental Resources by 192.2% in the third quarter. Penn Capital Management Co. Inc. now owns 23,658 shares of the oil and natural gas company’s stock valued at $1,233,000 after buying an additional 15,561 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Continental Resources by 12.8% in the fourth quarter. Van ECK Associates Corp now owns 19,560 shares of the oil and natural gas company’s stock valued at $1,008,000 after buying an additional 2,221 shares during the period. 23.17% of the stock is owned by institutional investors.

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

Shares of Continental Resources, Inc. (NYSE:CLR) traded down 0.07% during mid-day trading on Friday, hitting $43.21. The stock had a trading volume of 3,851,151 shares. Continental Resources, Inc. has a 1-year low of $34.43 and a 1-year high of $60.30. The stock’s 50-day moving average price is $44.68 and its 200 day moving average price is $49.05. The company’s market capitalization is $16.01 billion.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Wednesday, February 22nd. The oil and natural gas company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. The company earned $549.70 million during the quarter, compared to analysts’ expectations of $583.45 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. On average, analysts predict that Continental Resources, Inc. will post $0.53 EPS for the current fiscal year.

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Several brokerages recently commented on CLR. Canaccord Genuity set a $61.00 target price on Continental Resources and gave the stock a “buy” rating in a research report on Saturday, February 11th. Barclays PLC reaffirmed a “buy” rating and issued a $53.00 target price on shares of Continental Resources in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $61.00 target price on shares of Continental Resources in a research report on Wednesday, April 12th. Deutsche Bank AG reduced their target price on Continental Resources from $64.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Finally, Zacks Investment Research cut Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Nine analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Continental Resources has a consensus rating of “Buy” and an average target price of $52.80.

In related news, CFO John D. Hart sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $45.50, for a total transaction of $273,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Harold Hamm bought 41,998 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The shares were acquired at an average cost of $42.37 per share, with a total value of $1,779,455.26. The disclosure for this purchase can be found here. Corporate insiders own 76.97% of the company’s stock.

Continental Resources Company 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.

5 Day Chart for NYSE:CLR

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