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

May 16, 2018 - By Robert Shackelford

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 positions and 85 increased positions. Investors holded 82.82 million in 2017Q3 but now own 81.44 million shares or 1.67% less. Bridges Invest owns 111,470 shs for 0.48% of their capital. Financial Bank Of Mellon accumulated 986,457 shs or 0.01% of the stock. 2,550 are owned by Daiwa Secs Group Incorporated Inc. Mutual Of America Limited Liability Corp has invested 0.01% in Continental Resources, Inc. (NYSE:CLR). Canada Pension Plan Invest Board invested 0.02% of its capital in Continental Resources, Inc. (NYSE:CLR). Bridgewater Assocs Limited Partnership invested in 16,183 shs. Teacher Retirement Sys Of Texas has invested 0.01% of its capital in Continental Resources, Inc. (NYSE:CLR). 638 were accumulated by Captrust Advisors. Magnetar Financial Ltd Liability Corporation reported 0.02% of its capital in Continental Resources, Inc. (NYSE:CLR). 396,034 were reported by Arosa Cap Mgmt L P. Nicholas Investment Ptnrs L P has invested 0.08% of its capital in Continental Resources, Inc. (NYSE:CLR). Advisory Services Networks holds 859 shs or 0% of its capital. Mitsubishi Ufj Trust reported 190,633 shs. Royal Natl Bank Of Canada stated it has 70,600 shs. Metropolitan Life Insur Company New York accumulated 4,275 shs.

CLR had 6 selling transactions and 2 buys since December 13, 2017. This’s net activity of $1.10 million. Eissenstat Eric Spencer also sold $560,192 worth of Continental Resources, Inc. (NYSE:CLR) on Wednesday, March 21. Hamm Harold also bought $1.31 million worth of Continental Resources, Inc. (NYSE:CLR) on Monday, March 5. $147,476 worth of Continental Resources, Inc. (NYSE:CLR) was sold by MCCAIN ELLIS L on Monday, May 7. On Monday, May 7 the insider Owen Steven K sold $1.19M. $958,024 worth of stock was sold by MONROE MARK E on Wednesday, December 13. Shares for $313,635 were sold by McNabb John T II.

Jvl Advisors Llc’s stake in Continental Resources Inc (NYSE:CLR) is reduced by 76.04% based on its latest 2018Q1 regulatory filing with the SEC. By selling 201,535 shares Jvl Advisors Llc made the stock Popped Up with 10.33%. At the end of 2018Q1, the hedge fund held 63,495 shares of the energy company, priced at $3.74 million, down from 265,030 at the end of the previous reported quarter. Jvl Advisors Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

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

In total 26 analysts cover Continental Resources (NYSE:CLR). “Buy” rating has 18, “Sell” are 0, while 8 are “Hold”. (NYSE:CLR) has 69% bullish analysts. 56 are the (NYSE:CLR)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. On Monday, December 11 the stock has “Buy” rating by Credit Suisse. In Tuesday, March 6 report Jefferies maintained the stock with “Buy” rating. In Thursday, February 22 report Deutsche Bank maintained it with “Buy” rating and $65 target. On Monday, April 23 the stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Stifel Nicolaus. On Friday, February 23 the company was upgraded by KLR Group. On Wednesday, April 11 the stock has “Buy” rating by BMO Capital Markets. On Wednesday, April 11 the firm earned “Buy” rating by Piper Jaffray. On Tuesday, January 2 the stock has “Buy” rating by SunTrust. On Thursday, April 12 the rating was downgraded by Goldman Sachs to “Neutral”. On Thursday, February 15 the stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by BMO Capital Markets.

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 firm is worth $25.33 billion. 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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