Ashburton Jersey Ltd purchased a new stake in Continental Resources, Inc. (NYSE:CLR) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,900 shares of the oil and natural gas company’s stock, valued at approximately $1,154,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. South Dakota Investment Council lifted its position in Continental Resources by 22.3% in the third quarter. South Dakota Investment Council now owns 350,109 shares of the oil and natural gas company’s stock valued at $13,518,000 after acquiring an additional 63,900 shares during the last quarter. Morningstar Investment Services LLC lifted its position in Continental Resources by 19.2% in the third quarter. Morningstar Investment Services LLC now owns 165,842 shares of the oil and natural gas company’s stock valued at $6,403,000 after acquiring an additional 26,682 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Continental Resources by 6.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,924 shares of the oil and natural gas company’s stock valued at $885,000 after acquiring an additional 1,383 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Continental Resources in the third quarter valued at $409,000. Finally, Macquarie Group Ltd. lifted its position in Continental Resources by 2,533.3% in the third quarter. Macquarie Group Ltd. now owns 7,900 shares of the oil and natural gas company’s stock valued at $305,000 after acquiring an additional 7,600 shares during the last quarter. 23.13% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on CLR. Scotiabank reduced their price target on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating for the company in a research report on Friday, September 8th. Imperial Capital began coverage on shares of Continental Resources in a research report on Tuesday, September 19th. They issued an “in-line” rating and a $41.00 price target for the company. Morgan Stanley boosted their price target on shares of Continental Resources from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Barclays PLC set a $37.00 price target on shares of Continental Resources and gave the company an “overweight” rating in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $55.00 price target on shares of Continental Resources in a research report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $46.69.

Continental Resources, Inc. (NYSE:CLR) opened at $46.24 on Friday. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $60.30. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55. The stock has a market cap of $17,349.66, a PE ratio of 1,156.00 and a beta of 1.40.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business had revenue of $726.74 million for the quarter, compared to analyst estimates of $710.77 million. During the same period in the previous year, the business posted ($0.22) earnings per share. The business’s revenue was up 38.1% compared to the same quarter last year. research analysts predict that Continental Resources, Inc. will post 0.29 EPS for the current year.

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About Continental Resources

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.

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

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