MorganRosel Wealth Management LLC lowered its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 53,192 shares of the oil and natural gas company’s stock after selling 300 shares during the quarter. Continental Resources comprises 1.4% of MorganRosel Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. MorganRosel Wealth Management LLC’s holdings in Continental Resources were worth $1,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CLR. CSat Investment Advisory L.P. acquired a new stake in shares of Continental Resources during the second quarter valued at $32,000. Glen Harbor Capital Management LLC acquired a new stake in Continental Resources in the 2nd quarter worth about $38,000. Doyle Wealth Management acquired a new stake in Continental Resources in the 2nd quarter worth about $44,000. NuWave Investment Management LLC boosted its stake in Continental Resources by 682.2% in the 3rd quarter. NuWave Investment Management LLC now owns 1,674 shares of the oil and natural gas company’s stock worth $46,000 after buying an additional 1,460 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Continental Resources by 222.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,856 shares of the oil and natural gas company’s stock worth $54,000 after buying an additional 1,280 shares during the last quarter. 18.98% of the stock is currently owned by institutional investors and hedge funds.

CLR has been the topic of a number of research analyst reports. Mizuho lowered Continental Resources from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Thursday, October 10th. ValuEngine raised Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group lowered Continental Resources from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $34.00 in a research note on Friday, October 4th. Citigroup lowered Continental Resources from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $35.00 in a research note on Monday, September 23rd. They noted that the move was a valuation call. Finally, KeyCorp decreased their price target on Continental Resources from $47.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $44.95.

NYSE CLR opened at $33.70 on Tuesday. The firm has a market capitalization of $12.40 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.82 and a beta of 1.77. Continental Resources, Inc. has a 1-year low of $27.26 and a 1-year high of $52.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.89 and a quick ratio of 0.81. The business’s 50-day simple moving average is $33.40 and its 200-day simple moving average is $32.79.

Continental Resources (NYSE:CLR) last released its quarterly earnings data on Wednesday, October 30th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Continental Resources had a return on equity of 12.49% and a net margin of 17.00%. The company’s revenue was down 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. On average, equities research analysts expect that Continental Resources, Inc. will post 2.2 EPS for the current fiscal year.

In related news, SVP Eric Spencer Eissenstat sold 12,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $34.16, for a total transaction of $427,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Jack H. Stark sold 20,500 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $34.23, for a total value of $701,715.00. The disclosure for this sale can be found here. Insiders sold a total of 1,212,496 shares of company stock worth $40,910,039 over the last ninety days. Corporate insiders own 77.03% of the company’s stock.

Continental Resources Profile

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties primarily 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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