Continental Resources, Inc. (CLR) Shares Bought by APG Asset Management N.V.

Continental Resources, Inc. (CLR) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. increased its position in Continental Resources, Inc. (NYSE:CLR) by 10.2% during the first quarter, Holdings Channel reports. The fund owned 589,796 shares of the oil and natural gas company’s stock after buying an additional 54,800 shares during the period. APG Asset Management N.V. owned about 0.16% of Continental Resources worth $26,789,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new stake in Continental Resources during the first quarter worth about $191,000. Caymus Capital Partners L.P. increased its stake in Continental Resources by 27.7% in the first quarter. Caymus Capital Partners L.P. now owns 1,299,500 shares of the oil and natural gas company’s stock worth $59,023,000 after buying an additional 281,500 shares during the last quarter. Geneva Advisors LLC increased its stake in Continental Resources by 83.3% in the first quarter. Geneva Advisors LLC now owns 16,632 shares of the oil and natural gas company’s stock worth $755,000 after buying an additional 7,557 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Continental Resources by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,019 shares of the oil and natural gas company’s stock worth $637,000 after buying an additional 36 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Continental Resources by 1.6% in the first quarter. Jennison Associates LLC now owns 1,116,591 shares of the oil and natural gas company’s stock worth $50,716,000 after buying an additional 17,572 shares during the last quarter. Institutional investors own 23.17% of the company’s stock.

Continental Resources, Inc. (NYSE:CLR) traded up 3.35% during mid-day trading on Friday, reaching $41.34. 3,932,095 shares of the company’s stock traded hands. The firm has a 50 day moving average of $43.95 and a 200 day moving average of $48.20. The firm’s market cap is $15.32 billion. Continental Resources, Inc. has a 1-year low of $37.98 and a 1-year high of $60.30.

Continental Resources (NYSE:CLR) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and natural gas company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $685.43 million for the quarter, compared to analyst estimates of $646.46 million. Continental Resources had a negative net margin of 28.27% and a negative return on equity of 8.69%. Analysts forecast that Continental Resources, Inc. will post $0.47 EPS for the current year.

A number of research analysts have recently weighed in on the stock. Credit Suisse Group AG upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and raised their price target for the company from $40.00 to $57.00 in a report on Friday. They noted that the move was a valuation call. FBR & Co cut their price target on shares of Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating on the stock in a report on Monday, May 1st. Royal Bank of Canada restated a “buy” rating and set a $63.00 price target on shares of Continental Resources in a report on Tuesday, April 25th. Barclays PLC restated a “buy” rating and set a $53.00 price target (down previously from $58.00) on shares of Continental Resources in a report on Thursday, April 20th. Finally, Stifel Nicolaus restated a “buy” rating and set a $61.00 price target on shares of Continental Resources in a report on Wednesday, April 12th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.50.

In related news, CFO John D. Hart sold 6,000 shares of the company’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $45.50, for a total value of $273,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Harold Hamm purchased 41,998 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The stock was acquired at an average price of $42.37 per share, for a total transaction of $1,779,455.26. The disclosure for this purchase can be found here. 76.97% of the stock is owned by corporate insiders.

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.

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