Economy

Continental Resources, Inc. (NYSE:CLR) Trading Down - Short interest grew by 9.43%

Continental Resources, Inc. (NYSE:CLR) Trading Down - Short interest grew by 9.43%”

Exane Asset Management owns 14,100 shares valued at $455,853,000. Vanguard Group Inc. boosted its stake in shares of Continental Resources by 26.4% in the second quarter.

The stock increased 0.58% or $0.21 during the last trading session, reaching $36.29. About 2.16 million shares traded. Royal Bank Of Canada fixed a $63.00 price objective on Continental Resources and issued the shares a "buy" recommendation in a analysis note on Saturday, Jun 3rd. It has underperformed by 12.65% the S&P500. Phillips 66 now has $44.84 billion valuation. The fund owned 174,770 shares of the oil and natural gas company's stock after selling 3,448 shares during the period. About 2.25M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since September 17, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. Spdr Series Trust (SDY) was raised too.

In the latest earnings report the EPS was $-0.39 and is expected to be $0.14 for the current year with 371,133,000 shares now outstanding. PSX's profit will be $895.06M for 12.52 P/E if the $1.75 EPS becomes a reality. During the same period in the previous year, the company earned ($0.38) earnings per share. Credit Suisse Ag reported 0% stake. Glg Ltd invested in 4,366 shares.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLR. Loomis Sayles LP has invested 0.01% of its portfolio in Intralinks Holdings Inc (NYSE:IL). The firm has "Hold" rating by Wunderlich given on Wednesday, September 9.

Oberweis Asset Management Inc increased its stake in Intralinks Hldgs Inc. Prelude Capital Mgmt Lc reported 0.32% in Intralinks Holdings Inc (NYSE:IL). Amalgamated Bank reported 0.12% in Phillips 66 (NYSE:PSX). Art Advsr Limited Liability Co invested in 156,200 shares. Gradient Invs Limited Company has invested 0% in Phillips 66 (NYSE:PSX). Metropolitan Life Insurance Co. Two Brokerage firms have recommended the share with a sell recommendation, around seven have issued a hold recommendation and thirteen have published a buy recommendation to the share. Therefore 28% are positive. Continental Resources Inc. had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The stock's market capitalization is $13.42 billion. The company was upgraded on Tuesday, September 22 by Paradigm Research. $43.43's average target is 20.14% above currents $36.15 stock price. (NYSE:CLR) on Wednesday, July 19 with "Buy" rating. The company was initiated on Monday, December 19 by FBR Capital. The firm has "Buy" rating given on Monday, January 18 by Tudor Pickering. The firm earned "Buy" rating on Thursday, August 25 by Nomura. RBC Capital Markets maintained Continental Resources, Inc. Zacks Investment Research lowered shares of Continental Resources from a "hold" rating to a "sell" rating in a research note on Tuesday, July 11th. Bronfman E.L. Rothschild L.P. lifted its position in Continental Resources by 5.2% in the first quarter. The Anchor Bolt Capital Lp holds 416,282 shares with $21.46M value, down from 1.27 million last quarter.

COPYRIGHT VIOLATION WARNING: "Continental Resources, Inc". (NYSE:CLR) rating on Monday, June 27. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, August 5. The rating was initiated by Stephens with "Equal Weight" on Tuesday, October 6.

Investors sentiment decreased to 0.97 in Q4 2016. Its up 0.04, from 1.04 in 2016Q3. It is negative, as 35 investors sold CLR shares while 130 reduced holdings. First Republic Management Incorporated stated it has 0.04% in Continental Resources, Inc. (NYSE:CLR) or 15,831 shares. Utah Retirement invested in 0.02% or 15,804 shares. Alliancebernstein LP accumulated 30,900 shares. Eidelman Virant Capital owns 1.01 million shares or 4.84% of their U.S. portfolio. Texan Mngmt reported 11,300 shares. Arlington Capital Management Inc acquired 31,319 shares as United States Stl Corp New (X)'s stock declined 50.78%. Hamm Harold also bought $2.19M worth of Continental Resources, Inc. (NYSE:CLR) to report earnings on November, 1. Mn Services Vermogensbeheer B.V. now owns 2,430 shares of the oil and natural gas company's stock valued at $103,000 after acquiring an additional 119 shares during the period.

Since March 17, 2017, it had 4 buys, and 0 sales for $6.91 million activity. Hart John D sold 6,000 shares worth $273,000.

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