Continental Resources, Inc. (NYSE:CLR) CEO Harold Hamm acquired 99,028 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Continental Resources, Inc. (NYSE:CLR) traded down $1.55 during trading on Wednesday, reaching $47.51. The company’s stock had a trading volume of 2,844,962 shares, compared to its average volume of 2,890,000. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $58.89. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.87 and a current ratio of 0.94. The company has a market cap of $17,830.00, a price-to-earnings ratio of 250.05 and a beta of 1.36.
Continental Resources (NYSE:CLR) last posted its quarterly earnings data on Wednesday, February 21st. The oil and natural gas company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. Continental Resources had a return on equity of 4.25% and a net margin of 25.30%. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $978.63 million. During the same quarter last year, the company earned ($0.07) EPS. The company’s revenue was up 90.5% on a year-over-year basis. equities analysts expect that Continental Resources, Inc. will post 2.13 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of CLR. Alyeska Investment Group L.P. bought a new position in Continental Resources during the 3rd quarter worth $52,973,000. JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 748,025 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Continental Resources by 55.5% in the 4th quarter. Bank of New York Mellon Corp now owns 986,457 shares of the oil and natural gas company’s stock valued at $52,253,000 after purchasing an additional 351,930 shares in the last quarter. Element Capital Management LLC acquired a new stake in shares of Continental Resources in the 4th quarter valued at $17,509,000. Finally, Jennison Associates LLC boosted its holdings in shares of Continental Resources by 25.8% in the 3rd quarter. Jennison Associates LLC now owns 1,607,034 shares of the oil and natural gas company’s stock valued at $62,048,000 after purchasing an additional 329,544 shares in the last quarter. Hedge funds and other institutional investors own 22.37% of the company’s stock.
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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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