GSA Capital Partners LLP Sells 79,397 Shares of Continental Resources, Inc. (CLR)

GSA Capital Partners LLP reduced its holdings in Continental Resources, Inc. (NYSE:CLR) by 87.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,443 shares of the oil and natural gas company’s stock after selling 79,397 shares during the period. GSA Capital Partners LLP’s holdings in Continental Resources were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Continental Resources by 21.2% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 290,797 shares of the oil and natural gas company’s stock worth $11,228,000 after purchasing an additional 50,793 shares during the period. GeoSphere Capital Management boosted its stake in shares of Continental Resources by 20.0% during the 3rd quarter. GeoSphere Capital Management now owns 60,000 shares of the oil and natural gas company’s stock worth $2,317,000 after purchasing an additional 10,000 shares during the period. Belpointe Asset Management LLC purchased a new position in shares of Continental Resources during the 3rd quarter worth about $304,000. California Public Employees Retirement System boosted its stake in shares of Continental Resources by 0.7% during the 3rd quarter. California Public Employees Retirement System now owns 234,268 shares of the oil and natural gas company’s stock worth $9,045,000 after purchasing an additional 1,568 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Continental Resources by 35.0% during the 3rd 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. 22.54% of the stock is owned by institutional investors and hedge funds.

In other news, Director Mark E. Monroe sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $47.90, for a total value of $958,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Gary E. Gould sold 9,874 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $50.85, for a total transaction of $502,092.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,874 shares of company stock valued at $2,603,673. Company insiders own 76.87% of the company’s stock.

Shares of Continental Resources, Inc. (CLR) opened at $55.11 on Friday. Continental Resources, Inc. has a twelve month low of $29.08 and a twelve month high of $55.36. The firm has a market cap of $20,680.00, a PE ratio of -787.29 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.55.

Continental Resources (NYSE:CLR) last posted its quarterly earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. Continental Resources had a negative net margin of 0.95% and a positive return on equity of 0.23%. The business had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. During the same quarter in the previous year, the business posted ($0.22) EPS. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. equities analysts forecast that Continental Resources, Inc. will post 0.33 earnings per share for the current fiscal year.

A number of equities analysts recently commented on CLR shares. Scotiabank dropped their price target on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Friday, September 8th. Piper Jaffray Companies dropped their price target on shares of Continental Resources from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, September 18th. Imperial Capital started coverage on shares of Continental Resources in a research note on Tuesday, September 19th. They set an “in-line” rating and a $41.00 price target for the company. Stifel Nicolaus set a $68.00 price target on shares of Continental Resources and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Barclays lifted their price target on shares of Continental Resources from $37.00 to $42.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 11th. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Continental Resources currently has a consensus rating of “Buy” and an average target price of $47.65.

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About Continental Resources

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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