Jvl Advisors Llc Lowered Continental Resources Inc (NYSE:CLR) Position by $11.69 Million as Price Rose

May 16, 2018 - By Mark Mitchell

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 amassed stakes and 85 increased stakes. Investors holded 82.82 million in 2017Q3 but now own 81.44 million shares or 1.67% less. Greenleaf Tru invested in 5,169 shs. Artemis Investment Mngmt Ltd Liability Partnership holds 32,181 shs or 0.03% of its capital. Essex Inv Management Ltd Liability Com holds 107,897 shs or 0.75% of its capital. Stifel Fincl holds 0% or 7,375 shs. Comerica Financial Bank stated it has 9,338 shs or 0% of all its holdings. Cornerstone Advsr reported 76 shs. Walleye Trading Ltd Llc accumulated 5,160 shs. Tph Asset Limited Liability Com reported 4.61% in Continental Resources, Inc. (NYSE:CLR). 33,816 were accumulated by Credit Investments Ltd Liability Corp. Prudential Financial holds 0.01% in Continental Resources, Inc. (NYSE:CLR) or 130,446 shs. Rockefeller Financial Service has invested 0% in Continental Resources, Inc. (NYSE:CLR). 2.92 million were reported by Tiaa Cref Mgmt. Tower Research Cap Ltd (Trc) holds 9,163 shs or 0.06% of its capital. Nicholas Investment Ptnrs Limited Partnership holds 0.08% of its capital in Continental Resources, Inc. (NYSE:CLR) for 22,615 shs. Indexiq Advsrs reported 0% of its capital in Continental Resources, Inc. (NYSE:CLR).

CLR had 6 insider sales and 2 insider buys since December 13, 2017. This’s net activity of $1.10 million. On Monday, May 7 18,000 shs were sold by Owen Steven K, worth $1.19M. McNabb John T II sold $313,635 worth of Continental Resources, Inc. (NYSE:CLR) on Monday, March 12. $560,192 worth of stock was sold by Eissenstat Eric Spencer on Wednesday, March 21. MONROE MARK E had sold 20,000 shs worth $958,024. On Monday, May 7 a trade for 2,222 shs valued at $147,476 was made by MCCAIN ELLIS L. On Thursday, March 8 15,000 shs were sold by Hart John D, worth $796,950.

Jvl Advisors Llc reduced its holdings by 76.04% in Continental Resources Inc (NYSE:CLR), according to 2018Q1 Securities and Exchange filling. The company’s stock rose 10.33% while stock markets declined as Jvl Advisors Llc sold 201,535 shares. The energy company reported $3.74M value for the 2018Q1. Now the hedge fund is holding 63,495 shares, compared to the 265,030 from the previous quarter. 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 target. 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 Thursday, February 15 the stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by BMO Capital Markets. On Thursday, April 19 Susquehanna maintained Continental Resources, Inc. (NYSE:CLR) with “Hold” rating. On Friday, April 20 the rating was maintained by Morgan Stanley with “Overweight”. In Tuesday, January 23 report Credit Suisse maintained the stock with “Buy” rating. On Monday, March 19 Jefferies maintained Continental Resources, Inc. (NYSE:CLR) with “Buy” rating. On Thursday, January 18 Cowen & Co maintained Continental Resources, Inc. (NYSE:CLR) with “Hold” rating. On Thursday, February 22 the firm has “Buy” rating by Deutsche Bank given. On Wednesday, December 20 the rating was maintained by RBC Capital Markets with “Buy”. On Wednesday, March 28 the firm has “Buy” rating given by Stifel Nicolaus. In Wednesday, April 11 report Piper Jaffray maintained it with “Buy” rating and $6700 target.

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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