Heritage Trust Co increased its stake in Continental Resources, Inc. (NYSE:CLR) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the oil and natural gas company’s stock after purchasing an additional 1,600 shares during the period. Heritage Trust Co’s holdings in Continental Resources were worth $232,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in Continental Resources by 244.1% in the 3rd 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 last quarter. Sii Investments Inc. WI acquired a new position in Continental Resources in the 3rd quarter worth $200,000. Shell Asset Management Co. boosted its stake in Continental Resources by 17.7% in the 2nd 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. Sei Investments Co. boosted its stake in Continental Resources by 131.7% in the 3rd 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. Finally, IndexIQ Advisors LLC acquired a new position in Continental Resources in the 2nd quarter worth $210,000. Hedge funds and other institutional investors own 22.59% of the company’s stock.
Shares of Continental Resources, Inc. (CLR) opened at $47.41 on Wednesday. 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 stock has a market cap of $17,938.74, a PE ratio of 1,195.25 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 $58.02.
CLR has been the subject of a number of research analyst reports. BMO Capital Markets upped their target price on shares of Continental Resources from $8.00 to $11.00 in a research note on Monday, November 13th. Piper Jaffray Companies restated a “buy” rating and set a $41.00 price objective on shares of Continental Resources in a research note on Friday, October 6th. Stifel Nicolaus set a $68.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Jefferies Group set a $42.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, SunTrust Banks set a $50.00 price objective 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, nine have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $46.69.
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Continental Resources 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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