As Continental Resources INC (CLR) Share Price Declined, Sir Capital Management LP Has Boosted Holding

Continental Resources, Inc. (NYSE:CLR) LogoInvestors sentiment decreased to 0.99 in 2019 Q2. Its down 0.01, from 1 in 2019Q1. It dived, as 40 investors sold CLR shares while 96 reduced holdings. 51 funds opened positions while 83 raised stakes. 66.73 million shares or 7.77% less from 72.35 million shares in 2019Q1 were reported. Swiss Fincl Bank, Switzerland-based fund reported 305,956 shares. Cibc Ww holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 7,418 shares. Landscape Management Ltd Liability Corp has 21,539 shares for 0.07% of their portfolio. Essex Investment Mgmt Ltd Limited Liability Company has invested 0.43% in Continental Resources, Inc. (NYSE:CLR). First Republic Invest Mngmt Incorporated reported 40,225 shares. Utd Automobile Association accumulated 13,216 shares. Jane Street Gp Ltd Liability Company has invested 0% in Continental Resources, Inc. (NYSE:CLR). Dnb Asset Management As reported 0% in Continental Resources, Inc. (NYSE:CLR). 20,000 are held by Barbara Oil. Mackenzie Fincl Corp, a Ontario – Canada-based fund reported 7,372 shares. Captrust Financial Advisors holds 0% or 423 shares in its portfolio. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 100,002 shares. Beddow Inc reported 1.56% in Continental Resources, Inc. (NYSE:CLR). 33,770 are owned by Natixis Advsrs Limited Partnership. Windward Cap Mgmt Ca holds 0.72% in Continental Resources, Inc. (NYSE:CLR) or 137,876 shares.

Since March 22, 2019, it had 4 insider purchases, and 0 insider sales for $39.52 million activity. McNabb John T II bought $39,880 worth of Continental Resources, Inc. (NYSE:CLR) on Wednesday, June 5.

Sir Capital Management Lp increased its stake in Continental Resources Inc (CLR) by 241.24% based on its latest 2019Q2 regulatory filing with the SEC. Sir Capital Management Lp bought 285,564 shares as the company’s stock declined 15.71% . The hedge fund held 403,938 shares of the energy company at the end of 2019Q2, valued at $17.00 million, up from 118,374 at the end of the previous reported quarter. Sir Capital Management Lp who had been investing in Continental Resources Inc for a number of months, seems to be bullish on the $11.61B market cap company. The stock increased 0.66% or $0.21 during the last trading session, reaching $32.16. About 1.26 million shares traded. Continental Resources, Inc. (NYSE:CLR) has declined 41.40% since September 13, 2018 and is downtrending. It has underperformed by 41.40% the S&P500.

Sir Capital Management Lp, which manages about $1.60 billion and $572.35 million US Long portfolio, decreased its stake in Encana Corp (NYSE:ECA) by 804,310 shares to 4.37M shares, valued at $22.44M in 2019Q2, according to the filing. It also reduced its holding in Orion Engineered Carbons S A (NYSE:OEC) by 194,327 shares in the quarter, leaving it with 108,401 shares, and cut its stake in Berry Global Group Inc (NYSE:BERY).

More notable recent Continental Resources, Inc. (NYSE:CLR) news were published by: Finance.Yahoo.com which released: “Should You Be Impressed By Continental Resources, Inc.’s (NYSE:CLR) ROE? – Yahoo Finance” on July 12, 2019, also Streetinsider.com with their article: “US shale firms cut budgets, staff as oil-price outlook dims – StreetInsider.com” published on September 06, 2019, Finance.Yahoo.com published: “StockBeat: BP Positions Itself for Shale Patch Bargain Hunt – Yahoo Finance” on August 27, 2019. More interesting news about Continental Resources, Inc. (NYSE:CLR) were released by: Finance.Yahoo.com and their article: “Oil Rebounds After Economic Data Dampens Recession Fears – Yahoo Finance” published on August 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Continental Resources, Inc. (NYSE:CLR): Set To Experience A Decrease In Earnings? – Yahoo Finance” with publication date: August 05, 2019.

Continental Resources, Inc. (NYSE:CLR) Ratings Coverage

Among 5 analysts covering Continental Resources (NYSE:CLR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Continental Resources has $5900 highest and $4500 lowest target. $51.67’s average target is 60.67% above currents $32.16 stock price. Continental Resources had 10 analyst reports since April 22, 2019 according to SRatingsIntel. Morgan Stanley maintained the stock with “Buy” rating in Monday, June 24 report. KeyBanc Capital Markets maintained the shares of CLR in report on Monday, April 22 with “Overweight” rating. UBS maintained the shares of CLR in report on Thursday, June 20 with “Hold” rating. As per Thursday, August 8, the company rating was maintained by M Partners. The firm has “Outperform” rating given on Monday, August 12 by Wells Fargo.

Continental Resources, Inc. (NYSE:CLR) Institutional Positions Chart

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