Beddow Capital Management Inc. grew its stake in Continental Resources, Inc. (NYSE:CLR) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 70,027 shares of the oil and natural gas company’s stock after purchasing an additional 2,950 shares during the period. Continental Resources accounts for 1.5% of Beddow Capital Management Inc.’s portfolio, making the stock its 28th biggest position. Beddow Capital Management Inc.’s holdings in Continental Resources were worth $2,814,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Private Capital Group LLC boosted its stake in Continental Resources by 333.3% during the 4th quarter. Private Capital Group LLC now owns 832 shares of the oil and natural gas company’s stock worth $33,000 after purchasing an additional 640 shares during the period. NuWave Investment Management LLC boosted its stake in Continental Resources by 18.4% during the 4th quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock worth $67,000 after purchasing an additional 258 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Continental Resources during the 4th quarter worth $80,000. Focused Wealth Management Inc acquired a new stake in Continental Resources during the 3rd quarter worth $171,000. Finally, Quantamental Technologies LLC acquired a new stake in Continental Resources during the 4th quarter worth $186,000. Hedge funds and other institutional investors own 21.31% of the company’s stock.
Shares of CLR opened at $46.14 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $17.20 billion, a PE ratio of 90.47, a P/E/G ratio of 1.35 and a beta of 1.50. Continental Resources, Inc. has a 52-week low of $35.54 and a 52-week high of $71.95.
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Continental Resources Profile
Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.
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