Investors Sell Continental Resources, Inc. (CLR) on Strength (CLR)

Investors sold shares of Continental Resources, Inc. (NYSE:CLR) on strength during trading on Thursday. $34.95 million flowed into the stock on the tick-up and $44.74 million flowed out of the stock on the tick-down, for a money net flow of $9.79 million out of the stock. Of all stocks tracked, Continental Resources had the 24th highest net out-flow for the day. Continental Resources traded up $0.18 for the day and closed at $34.49

CLR has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $61.00 price objective on shares of Continental Resources in a report on Wednesday, April 12th. KLR Group increased their price objective on shares of Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. FBR & Co cut their price objective 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 reiterated a “buy” rating and set a $63.00 price objective on shares of Continental Resources in a report on Tuesday, April 25th. Finally, Barclays PLC set a $37.00 price objective on shares of Continental Resources and gave the stock an “overweight” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.26.

The company’s market capitalization is $12.89 billion. The firm has a 50 day moving average price of $32.22 and a 200-day moving average price of $40.39.

In other Continental Resources news, CEO Harold Hamm purchased 36,452 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were bought at an average cost of $42.05 per share, with a total value of $1,532,806.60. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 76.97% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Continental Resources by 3.0% in the first quarter. Vanguard Group Inc. now owns 6,446,564 shares of the oil and natural gas company’s stock valued at $292,802,000 after buying an additional 188,171 shares in the last quarter. BlackRock Inc. increased its position in shares of Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock valued at $225,346,000 after buying an additional 4,863,974 shares in the last quarter. Bank of America Corp DE increased its position in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock valued at $158,879,000 after buying an additional 1,623,470 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Continental Resources by 1.3% in the first quarter. TIAA CREF Investment Management LLC now owns 3,074,799 shares of the oil and natural gas company’s stock valued at $139,657,000 after buying an additional 38,889 shares in the last quarter. Finally, State Street Corp increased its position in shares of Continental Resources by 7.5% in the first quarter. State Street Corp now owns 2,796,992 shares of the oil and natural gas company’s stock valued at $127,042,000 after buying an additional 194,211 shares in the last quarter. 23.07% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Investors Sell Continental Resources, Inc. (CLR) on Strength (CLR)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.tickerreport.com/banking-finance/2800286/investors-sell-continental-resources-inc-clr-on-strength-clr.html.

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.

Receive News & Ratings for Continental Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.