Tortoise Capital Advisors L.L.C. increased its position in shares of Continental Resources, Inc. (NYSE:CLR) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,797 shares of the oil and natural gas company’s stock after buying an additional 50,793 shares during the quarter. Tortoise Capital Advisors L.L.C. owned 0.08% of Continental Resources worth $11,228,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank lifted its stake in Continental Resources by 244.1% during the third quarter. Toronto Dominion Bank now owns 3,961 shares of the oil and natural gas company’s stock worth $153,000 after purchasing an additional 2,810 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in Continental Resources by 35.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,863 shares of the oil and natural gas company’s stock worth $187,000 after purchasing an additional 1,261 shares during the period. Sii Investments Inc. WI bought a new position in Continental Resources during the third quarter worth about $200,000. Shell Asset Management Co. lifted its stake in Continental Resources by 17.7% during the second quarter. Shell Asset Management Co. now owns 6,266 shares of the oil and natural gas company’s stock worth $203,000 after purchasing an additional 944 shares during the period. Finally, Sei Investments Co. lifted its stake in Continental Resources by 131.7% during the third quarter. Sei Investments Co. now owns 5,294 shares of the oil and natural gas company’s stock worth $205,000 after purchasing an additional 3,009 shares during the period. 22.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Continental Resources, Inc. (NYSE CLR) opened at $47.36 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The firm has a market cap of $17,751.13, a P/E ratio of 1,182.75 and a beta of 1.44. Continental Resources, Inc. has a fifty-two week low of $29.08 and a fifty-two week high of $53.57.

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 for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. Continental Resources’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) earnings per share. research analysts expect that Continental Resources, Inc. will post 0.3 EPS for the current year.

CLR has been the subject of a number of analyst reports. BMO Capital Markets raised their price target on shares of Continental Resources from $8.00 to $11.00 in a research note on Monday, November 13th. Jefferies Group set a $42.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Stifel Nicolaus set a $59.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research note on Friday, August 25th. Piper Jaffray Companies restated a “buy” rating and set a $41.00 price target on shares of Continental Resources in a research note on Friday, October 6th. Finally, SunTrust Banks set a $50.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.60.

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

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