Continental Resources (CLR) : Alta Advisers Ltd scooped up 44,043 additional shares in Continental Resources during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 166,700 shares of Continental Resources which is valued at $6,466,293.Continental Resources makes up approximately 4.94% of Alta Advisers Ltd’s portfolio.
Other Hedge Funds, Including , Cambridge Investment Research Advisors added CLR to its portfolio by purchasing 10,015 company shares during the most recent quarter which is valued at $388,482. Continental Resources makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio. Checchi Capital Advisers added CLR to its portfolio by purchasing 1,852 company shares during the most recent quarter which is valued at $71,839. Continental Resources makes up approx 0.02% of Checchi Capital Advisers’s portfolio.Aperio Group reduced its stake in CLR by selling 6,973 shares or 20.74% in the most recent quarter. The Hedge Fund company now holds 26,644 shares of CLR which is valued at $992,755. Continental Resources makes up approx 0.01% of Aperio Group’s portfolio.Metlife Securities Inc boosted its stake in CLR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 1,165 shares of Continental Resources which is valued at $44,771. Strs Ohio sold out all of its stake in CLR during the most recent quarter. The investment firm sold 2,558 shares of CLR which is valued $98,304.
Continental Resources opened for trading at $38.83 and hit $40.56 on the upside on Tuesday, eventually ending the session at $40.5, with a gain of 4.54% or 1.76 points. The heightened volatility saw the trading volume jump to 46,00,261 shares. Company has a market cap of $15,170 M.
On the company’s financial health, Continental Resources reported $-0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.37. The company had revenue of $453.17 million for the quarter, compared to analysts expectations of $442.74 million. The company’s revenue was down -27.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.09 EPS.
Many Wall Street Analysts have commented on Continental Resources. Company shares were Reiterated by Wunderlich on May 6, 2016 to “Buy”, Firm has raised the Price Target to $ 50 from a previous price target of $40 .Continental Resources was Upgraded by Raymond James to ” Strong Buy” on May 5, 2016. Company shares were Upgraded by Deutsche Bank on Apr 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $34 .
Continental Resources Inc. is an independent crude oil and natural gas exploration and production company. The Company owns 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. The Bakken field of North Dakota and Montana is a crude oil resource play. The South region includes Kansas and all properties south of Kansas and west of the Mississippi River including various plays in the South Central Oklahoma Oil Province (SCOOP) Northwest Cana and Arkoma areas of Oklahoma. The East region comprises undeveloped leasehold acreage east of the Mississippi River.