Verition Fund Management LLC trimmed its position in Continental Resources, Inc. (NYSE:CLR) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,797 shares of the oil and natural gas company’s stock after selling 1,977 shares during the quarter. Verition Fund Management LLC’s holdings in Continental Resources were worth $958,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of Continental Resources by 56.2% in the first quarter. SG Americas Securities LLC now owns 8,771 shares of the oil and natural gas company’s stock worth $517,000 after purchasing an additional 3,157 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Continental Resources by 1.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 281,014 shares of the oil and natural gas company’s stock worth $16,566,000 after purchasing an additional 4,761 shares during the last quarter. American International Group Inc. increased its position in shares of Continental Resources by 297.4% in the first quarter. American International Group Inc. now owns 7,666 shares of the oil and natural gas company’s stock worth $452,000 after purchasing an additional 5,737 shares during the last quarter. US Bancorp DE increased its position in shares of Continental Resources by 13.8% in the first quarter. US Bancorp DE now owns 31,121 shares of the oil and natural gas company’s stock worth $1,834,000 after purchasing an additional 3,784 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Continental Resources in the first quarter worth approximately $135,000. 22.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CLR opened at $62.23 on Monday. Continental Resources, Inc. has a one year low of $36.05 and a one year high of $69.91. The company has a current ratio of 0.97, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 122.02, a price-to-earnings-growth ratio of 1.34 and a beta of 1.30.

Continental Resources (NYSE:CLR) last issued its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. Continental Resources had a net margin of 32.80% and a return on equity of 14.01%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.13 billion. sell-side analysts predict that Continental Resources, Inc. will post 3.14 EPS for the current fiscal year.

CLR has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Continental Resources from $89.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, August 16th. Barclays initiated coverage on shares of Continental Resources in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $77.00 price objective on the stock. KLR Group upgraded shares of Continental Resources from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $78.00 in a research report on Tuesday, July 24th. Piper Jaffray Companies restated a “buy” rating and issued a $77.00 price objective on shares of Continental Resources in a research report on Thursday, August 30th. Finally, TD Securities upped their price objective on shares of Continental Resources from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Twelve investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and a consensus price target of $70.09.

About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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

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