Columbia Pacific Advisors LLC decreased its holdings in Continental Resources, Inc. (NYSE:CLR) by 14.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,376 shares of the oil and natural gas company’s stock after selling 8,731 shares during the quarter. Continental Resources accounts for about 4.1% of Columbia Pacific Advisors LLC’s investment portfolio, making the stock its 9th largest position. Columbia Pacific Advisors LLC’s holdings in Continental Resources were worth $2,774,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its holdings in shares of Continental Resources by 1.5% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,920,011 shares of the oil and natural gas company’s stock worth $154,673,000 after buying an additional 43,649 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Continental Resources by 3.4% during the fourth quarter. Teachers Advisors LLC now owns 1,978,228 shares of the oil and natural gas company’s stock valued at $104,787,000 after purchasing an additional 65,229 shares in the last quarter. Raymond James & Associates lifted its holdings in Continental Resources by 248.0% during the fourth quarter. Raymond James & Associates now owns 251,670 shares of the oil and natural gas company’s stock valued at $13,331,000 after purchasing an additional 179,352 shares in the last quarter. Earnest Partners LLC lifted its holdings in Continental Resources by 9.0% during the fourth quarter. Earnest Partners LLC now owns 680,511 shares of the oil and natural gas company’s stock valued at $36,047,000 after purchasing an additional 56,136 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Continental Resources during the fourth quarter valued at approximately $10,840,000. 22.42% of the stock is currently owned by institutional investors.
In related news, SVP Gary E. Gould sold 9,874 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Harold Hamm purchased 99,028 shares of Continental Resources stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $50.26 per share, for a total transaction of $4,977,147.28. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 156,909 shares of company stock worth $7,846,156 and sold 52,874 shares worth $2,603,673. Insiders own 76.87% of the company’s stock.
Shares of Continental Resources, Inc. (CLR) opened at $52.39 on Tuesday. The stock has a market cap of $19,454.95, a P/E ratio of 99.71 and a beta of 1.45. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 1.24. Continental Resources, Inc. has a 1 year low of $29.08 and a 1 year high of $58.89.
Continental Resources (NYSE:CLR) last released its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. Continental Resources had a net margin of 25.30% and a return on equity of 4.25%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $978.63 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was up 90.5% compared to the same quarter last year. sell-side analysts expect that Continental Resources, Inc. will post 2.35 EPS for the current year.
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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