Continental Resources, Inc. (CLR) Shares Bought by AQR Capital Management LLC
AQR Capital Management LLC boosted its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 16.7% during the first quarter, Holdings Channel reports. The firm owned 104,992 shares of the oil and natural gas company’s stock after buying an additional 15,040 shares during the period. AQR Capital Management LLC’s holdings in Continental Resources were worth $4,769,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CLR. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Continental Resources by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,430 shares of the oil and natural gas company’s stock valued at $103,000 after buying an additional 119 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Continental Resources by 5.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the oil and natural gas company’s stock valued at $138,000 after buying an additional 150 shares during the period. Winch Advisory Services LLC purchased a new stake in shares of Continental Resources during the first quarter valued at $191,000. Heritage Trust Co purchased a new stake in shares of Continental Resources during the first quarter valued at $200,000. Finally, KBC Group NV boosted its stake in shares of Continental Resources by 4.7% in the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock valued at $211,000 after buying an additional 207 shares during the period. 23.03% of the stock is currently owned by hedge funds and other institutional investors.
Continental Resources, Inc. (NYSE CLR) opened at 32.72 on Tuesday. The stock’s market capitalization is $12.14 billion. The company has a 50-day moving average of $36.52 and a 200-day moving average of $44.29. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $60.30.
Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.02. The firm had revenue of $685.43 million during the quarter, compared to the consensus estimate of $646.46 million. Continental Resources had a negative return on equity of 3.93% and a negative net margin of 9.08%. Equities research analysts expect that Continental Resources, Inc. will post $0.26 EPS for the current year.
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Several brokerages recently weighed in on CLR. UBS AG began coverage on shares of Continental Resources in a report on Thursday, March 23rd. They issued a “neutral” rating and a $49.00 target price on the stock. BMO Capital Markets reduced their target price on shares of Continental Resources from $45.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday. Barclays PLC reissued a “buy” rating and set a $34.00 price objective on shares of Continental Resources in a report on Friday, July 7th. Royal Bank Of Canada set a $63.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a report on Saturday, June 3rd. Finally, BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.91.
In related news, CEO Harold Hamm acquired 36,452 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $42.05 per share, for a total transaction of $1,532,806.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 76.97% of the stock is owned by corporate insiders.
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.
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