Continental Resources (CLR) : Latimer Light Capital added new position in Continental Resources during the most recent quarter end. The investment management firm now holds 391,260 shares of Continental Resources which is valued at $15.7 Million , the company said in a statement filed on May 13, 2016 with the SEC.Continental Resources makes up approximately 4.93% of Latimer Light Capital’s portfolio.
Other Hedge Funds, Including , Tortoise Capital Advisors L.l.c. reduced its stake in CLR by selling 20,045 shares or 20.69% in the most recent quarter. The Hedge Fund company now holds 76,826 shares of CLR which is valued at $3.1 Million. Continental Resources makes up approx 0.02% of Tortoise Capital Advisors L.l.c.’s portfolio. Zacks Investment Management added CLR to its portfolio by purchasing 9,146 company shares during the most recent quarter which is valued at $367,303. Continental Resources makes up approx 0.01% of Zacks Investment Management’s portfolio.Teacher Retirement System Of Texas boosted its stake in CLR in the latest quarter, The investment management firm added 2,806 additional shares and now holds a total of 5,078 shares of Continental Resources which is valued at $203,932. Janney Montgomery Scott sold out all of its stake in CLR during the most recent quarter. The investment firm sold 14,872 shares of CLR which is valued $597,260. Pacad Investment Ltd. sold out all of its stake in CLR during the most recent quarter. The investment firm sold 59,478 shares of CLR which is valued $2.3 Million.
Continental Resources opened for trading at $41.38 and hit $42.16 on the upside on Wednesday, eventually ending the session at $41.62, with a gain of 2.16% or 0.88 points. The heightened volatility saw the trading volume jump to 28,94,348 shares. Company has a market cap of $15,590 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. Continental Resources was Downgraded by Scotia Howard Weil to ” Sector Outperform” on May 16, 2016. 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.
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.