Windward Capital Management Co. CA decreased its stake in shares of Continental Resources Inc. (NYSE:CLR) by 0.7% during the third quarter, Holdings Channel reports. The fund owned 161,429 shares of the company’s stock after selling 1,153 shares during the period. Continental Resources accounts for approximately 1.6% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 26th largest position. Windward Capital Management Co. CA’s holdings in Continental Resources were worth $8,388,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CLR. UMB Bank N A MO acquired a new stake in Continental Resources during the second quarter valued at about $2,465,000. Shell Asset Management Co. raised its stake 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 last quarter. Parkwood LLC acquired a new stake in Continental Resources during the second quarter valued at about $1,358,000. Winslow Evans & Crocker Inc. acquired a new stake in Continental Resources during the second quarter valued at about $370,000. Finally, IBM Retirement Fund raised its stake in Continental Resources by 1.0% in the second quarter. IBM Retirement Fund now owns 8,753 shares of the company’s stock valued at $396,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 22.95% of the company’s stock.

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

Continental Resources Inc. (NYSE:CLR) traded up 22.64% on Wednesday, hitting $57.90. 9,832,546 shares of the company were exchanged. Continental Resources Inc. has a 52 week low of $13.94 and a 52 week high of $58.86. The firm’s 50 day moving average is $50.21 and its 200 day moving average is $46.67. The company’s market capitalization is $21.45 billion.

Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.07. The firm had revenue of $526.20 million for the quarter, compared to the consensus estimate of $148.37 million. Continental Resources had a negative return on equity of 8.69% and a negative net margin of 28.27%. The company’s revenue was down 22.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) EPS. On average, equities research analysts forecast that Continental Resources Inc. will post ($0.89) earnings per share for the current fiscal year.

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A number of research firms have recently weighed in on CLR. Canaccord Genuity set a $60.00 target price on shares of Continental Resources and gave the stock a “buy” rating in a report on Friday, October 7th. Barclays PLC upgraded shares of Continental Resources from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $48.00 to $60.00 in a report on Monday, October 17th. Jefferies Group set a $43.00 target price on shares of Continental Resources and gave the stock a “sell” rating in a report on Tuesday, October 18th. BMO Capital Markets reiterated an “outperform” rating on shares of Continental Resources in a report on Friday, October 28th. Finally, Scotiabank dropped their target price on shares of Continental Resources from $17.00 to $16.75 and set an “outperform” rating for the company in a report on Wednesday, September 7th. Two investment 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.07.

In other Continental Resources news, SVP Steven K. Owen sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $46.54, for a total transaction of $148,928.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jack H. Stark sold 788 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $53.34, for a total transaction of $42,031.92. The disclosure for this sale can be found here. Company insiders own 76.97% of the company’s stock.

About Continental Resources

Continental Resources, Inc is an independent crude oil and natural gas exploration and production 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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