As Continental Resources Inc (NYSE:CLR) Price Rose, Shareholder Jvl Advisors Llc Lowered Its Position by $11.69 Million

May 16, 2018 - By Loretta Love

Continental Resources, Inc. (NYSE:CLR) Corporate LogoBig Money Sentiment increased to 1.05 in 2017 Q4. It has change of 0.28, from 2017Q3’s 0.77. The ratio improved due to CLR positioning: 24 sold and 109 reduced. 55 funds bought holdings and 85 increased holdings. Investors holded 82.82 million in 2017Q3 but now own 81.44 million shares or 1.67% less. Lenox Wealth Advsr owns 54 shs. Millennium Management Ltd Liability Corporation holds 0.12% or 1.59 million shs in its capital. Allen Inv Ltd Com has 20,513 shs. Bluemountain Cap Management Ltd Liability holds 122,067 shs or 0.13% of its capital. Whittier Of Nevada Incorporated holds 0.09% or 20,858 shs. Hodges Mgmt Incorporated holds 0.05% or 13,500 shs in its capital. Wellington Mgmt Gp Llp owns 1.34M shs or 0.02% of their US capital. Hsbc Pcl reported 0% of its capital in Continental Resources, Inc. (NYSE:CLR). Bessemer holds 37,158 shs. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.01% in Continental Resources, Inc. (NYSE:CLR). United Kingdom-based Aviva Pcl has invested 0.02% in Continental Resources, Inc. (NYSE:CLR). The Pennsylvania-based Federated Investors Pa has invested 0% in Continental Resources, Inc. (NYSE:CLR). Pub Employees Retirement Association Of Colorado, Colorado-based fund reported 21,814 shs. Bank Of Montreal Can holds 148,574 shs or 0.01% of its capital. Southport Mgmt Lc owns 1.3% invested in Continental Resources, Inc. (NYSE:CLR) for 10,000 shs.

CLR had 6 selling transactions and 2 insider purchases since December 13, 2017. This’s net activity of $1.10 million. 18,000 shs were sold by Owen Steven K, worth $1.19M on Monday, May 7. 10,000 shs were sold by Eissenstat Eric Spencer, worth $560,192 on Wednesday, March 21. Hart John D sold 15,000 shs worth $796,950. On Monday, March 12 $313,635 worth of stock was sold by McNabb John T II. MONROE MARK E had sold 20,000 shs worth $958,024 on Wednesday, December 13. 2,222 shs were sold by MCCAIN ELLIS L, worth $147,476.

According to 2018Q1 Securities and Exchange form the Jvl Advisors Llc decreased its holdings in Continental Resources Inc (NYSE:CLR) by 76.04%. The company’s stock Popped Up 10.33% while Jvl Advisors Llc sold 201,535 shares. The energy company at the end of 2018Q1 was valued at $3.74M. It’s down from 265,030 at the end of the previous reported quarter. Now it had 63,495 shares held by the hedge fund . For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Jvl Advisors Llc is a Texas-based hedge fund with more than $434.29 million AUM in September, 2014. Taken from Jvl Advisors latest Adv, the fund reported to have 6 full and part-time employees. Among which 3 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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

Total analysts of 26 have positions in Continental Resources (NYSE:CLR) as follows: 18 rated it a “Buy”, 0 with “Sell” and 8 with “Hold”. The positive are 69%. The firm has $8600 highest while $45.0 is the lowest PT. The average target $67.08 is -1.53% below the last ($68.12) price. Since November 20, 2017 according to StockzIntelligence Inc Continental Resources has 56 analyst reports. On Sunday, April 22 the stock of Continental Resources, Inc. (NYSE:CLR) has “Buy” rating given by SunTrust. On Monday, April 23 the stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Stifel Nicolaus. In Thursday, April 19 report Susquehanna maintained the stock with “Hold” rating. The stock rating was maintained by Barclays Capital with “Buy” on Thursday, January 11. On Wednesday, December 20 the company was maintained by Jefferies. On Tuesday, January 2 the firm earned “Buy” rating by SunTrust. In Tuesday, April 24 report Stephens maintained the stock with “Buy” rating. On Friday, February 23 the rating was maintained by FBR Capital with “Buy”. In Tuesday, January 23 report Credit Suisse maintained it with “Buy” rating and $65.0 target. On Thursday, May 3 the rating was maintained by Ladenburg with “Buy”.

Continental Resources, Inc. explores for, develops, and produces natural gas and crude oil properties in the north, south, and east regions of the United States.The company has $25.33 billion market cap. The firm sells its natural gas and crude oil production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.32.28 is the P/E ratio. As of December 31, 2016, its estimated proved reserves were 1,275 million barrels of crude oil equivalent with estimated proved developed reserves of 519 MMBoe.

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

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