Mitsubishi UFJ Trust & Banking Corp Buys 15,400 Shares of Continental Resources, Inc. (CLR)

Mitsubishi UFJ Trust & Banking Corp increased its stake in Continental Resources, Inc. (NYSE:CLR) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,170 shares of the oil and natural gas company’s stock after acquiring an additional 15,400 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.05% of Continental Resources worth $7,342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of Continental Resources by 40.5% in the 3rd quarter. Wells Fargo & Company MN now owns 568,536 shares of the oil and natural gas company’s stock valued at $21,951,000 after acquiring an additional 163,935 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Continental Resources by 101.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,740 shares of the oil and natural gas company’s stock valued at $57,798,000 after acquiring an additional 748,025 shares during the last quarter. Ashburton Jersey Ltd bought a new stake in shares of Continental Resources in the 3rd quarter valued at about $1,154,000. South Dakota Investment Council lifted its stake in shares of Continental Resources by 22.3% in the 3rd quarter. South Dakota Investment Council now owns 350,109 shares of the oil and natural gas company’s stock valued at $13,518,000 after acquiring an additional 63,900 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in shares of Continental Resources by 19.2% in the 3rd quarter. Morningstar Investment Services LLC now owns 165,842 shares of the oil and natural gas company’s stock valued at $6,403,000 after acquiring an additional 26,682 shares during the last quarter. 22.59% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Continental Resources from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Credit Suisse Group began coverage on Continental Resources in a research note on Monday. They issued a “buy” rating and a $57.00 target price for the company. SunTrust Banks reaffirmed a “buy” rating and set a $55.00 price target on shares of Continental Resources in a research report on Friday, November 10th. BMO Capital Markets reaffirmed a “buy” rating on shares of Continental Resources in a research report on Sunday, November 12th. Finally, Zacks Investment Research lowered Continental Resources from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.24.

Continental Resources, Inc. (NYSE CLR) opened at $48.07 on Tuesday. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $57.81. The stock has a market capitalization of $17,983.76, a P/E ratio of 1,198.25 and a beta of 1.44. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.94 and a quick ratio of 0.85.

Continental Resources (NYSE:CLR) last announced its earnings results on Tuesday, November 7th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.05. Continental Resources had a positive return on equity of 0.23% and a negative net margin of 0.95%. The firm had revenue of $726.74 million during the quarter, compared to analyst estimates of $710.77 million. During the same quarter in the prior year, the company earned ($0.22) EPS. The business’s revenue was up 38.1% compared to the same quarter last year. research analysts expect that Continental Resources, Inc. will post 0.29 earnings per share for the current fiscal year.

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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.

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

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