As Merck & Co New Com (MRK) Market Value Rose, Blackhill Capital Has Lifted Stake; Capital Impact Advisors Holding in Continental Resources (CLR) Decreased by $1.08 Million

August 10, 2018 - By Joe Cepeda

Continental Resources, Inc. (NYSE:CLR) Logo

Blackhill Capital Inc increased its stake in Merck & Co Inc New Com (MRK) by 14.91% based on its latest 2018Q1 regulatory filing with the SEC. Blackhill Capital Inc bought 29,550 shares as the company’s stock rose 5.40% while stock markets declined. The institutional investor held 227,750 shares of the health care company at the end of 2018Q1, valued at $12.41 million, up from 198,200 at the end of the previous reported quarter. Blackhill Capital Inc who had been investing in Merck & Co Inc New Com for a number of months, seems to be bullish on the $175.53B market cap company. The stock decreased 1.03% or $0.69 during the last trading session, reaching $66. About 7.15 million shares traded. Merck & Co., Inc. (NYSE:MRK) has declined 9.15% since August 10, 2017 and is downtrending. It has underperformed by 21.72% the S&P500. Some Historical MRK News: 16/05/2018 – Congo warns of “new phase” in Ebola outbreak after first urban case; 24/05/2018 – Merck: FDA Expects to Complete the Review on or Before Aug 24; 07/03/2018 – Merck KGaA Announces Positive Phase IIB Results for Evobrutinib in Relapsing Multiple Sclerosis; 25/05/2018 – Oncolytics Biotech Collaborates With USC Using Pelareorep in Combination With Keytruda, Velcade and Dexamethasone to Treat Multiple Myeloma; 16/05/2018 – Merck’s Keytruda boosts response in hard-to-treat lung cancer; 29/05/2018 – Phase lll lMpower130 Study Showed Genentech’s TECENTRIQ (Atezolizumab) Plus Chemotherapy (Carboplatin and ABRAXANE) Helped People With Metastatic Non-Squamous Non-Small Cell Lung Cancer Live Significantly Longer Compared to; 19/04/2018 – P&G also agrees to buy the consumer health business of Merck for about $4.2 billion; 16/04/2018 – U.S. Food and Drug Administration Approves Opdivo® (nivolumab) + Yervoy® (ipilimumab) Combination as First-Line Treatment for; 27/03/2018 – Merck KGaA Receives Fast-Track Designation for Tepotinib in Japan; 25/04/2018 – GILEAD HAD BEEN SUED BY MERCK OVER ITS HEPATITIS DRUGS

Capital Impact Advisors Llc decreased its stake in Continental Resources Inc (CLR) by 33.08% based on its latest 2018Q1 regulatory filing with the SEC. Capital Impact Advisors Llc sold 18,705 shares as the company’s stock rose 28.64% while stock markets declined. The institutional investor held 37,834 shares of the energy company at the end of 2018Q1, valued at $2.23 million, down from 56,539 at the end of the previous reported quarter. Capital Impact Advisors Llc who had been investing in Continental Resources Inc for a number of months, seems to be less bullish one the $23.75B market cap company. The stock increased 0.88% or $0.56 during the last trading session, reaching $63.87. About 2.07 million shares traded or 11.72% up from the average. Continental Resources, Inc. (NYSE:CLR) has risen 61.38% since August 10, 2017 and is uptrending. It has outperformed by 48.81% the S&P500. Some Historical CLR News: 09/05/2018 – CONTINENTAL RESOURCES INC CLR.N CHIEF EXECUTIVE HAROLD HAMM ALSO MEETS WITH SAUDI ARAMCO BOARD OF DIRECTORS IN HOUSTON; 17/05/2018 – Continental Resources Announces Shelly Lambertz to Continental Board of Directors; 12/04/2018 – CONTINENTAL RESOURCES INC CLR.N : SIMMONS RAISES TARGET PRICE TO $67 FROM $62; 06/03/2018 – VELOCITY MIDSTREAM PARTNERS – STARTED CONSTRUCTION OF CRUDE OIL PIPELINE EXTENSION LINKING CORE OF MERGE PLAY TO SCOOP PIPELINE ASSETS; 06/03/2018 – CONTINENTAL RESOURCES’ STARK SPEAKS TO BLOOMBERG AT CERAWEEK; 11/04/2018 – CONTINENTAL RESOURCES INC CLR.N : BMO RAISES TARGET PRICE TO $65 FROM $60; 06/05/2018 – Bartlesville Exm: CONTINENTAL RESOURCES: Company starts Project SpringBoard; 12/04/2018 – CONTINENTAL RESOURCES- AMOUNT AVAILABLE UNDER CREDIT FACILITY CAN BE INCREASED UP TO ADDITIONAL $2.5 BLN IN FUTURE UPON AGREEMENT OF CO, OTHERS; 06/03/2018 – STARK: CONTINENTAL SEEING SAND LOGISTIC ISSUES; 06/03/2018 Velocity Midstream Partners Announces the Completion of Its 12″ Crude Oil Pipeline Loop through the SCOOP Play and the Construc

Among 43 analysts covering Continental Resources Inc. (NYSE:CLR), 30 have Buy rating, 0 Sell and 13 Hold. Therefore 70% are positive. Continental Resources Inc. had 183 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Monday, November 20 by Barclays Capital. The stock of Continental Resources, Inc. (NYSE:CLR) has “Overweight” rating given on Wednesday, January 24 by Morgan Stanley. KLR Group upgraded Continental Resources, Inc. (NYSE:CLR) on Tuesday, July 24 to “Buy” rating. RBC Capital Markets maintained Continental Resources, Inc. (NYSE:CLR) rating on Thursday, September 14. RBC Capital Markets has “Buy” rating and $48.0 target. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by BMO Capital Markets on Thursday, November 9. The company was upgraded on Saturday, August 15 by Scotia Capital. The firm earned “Buy” rating on Thursday, February 22 by RBC Capital Markets. Stephens maintained Continental Resources, Inc. (NYSE:CLR) on Tuesday, February 6 with “Buy” rating. The firm earned “Buy” rating on Friday, August 19 by Wunderlich. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, September 5 report.

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.06, from 1.05 in 2017Q4. It worsened, as 36 investors sold CLR shares while 110 reduced holdings. 55 funds opened positions while 89 raised stakes. 82.48 million shares or 1.28% more from 81.44 million shares in 2017Q4 were reported. Tudor Invest Et Al accumulated 0.04% or 20,247 shares. 18,536 are held by Pub Employees Retirement Association Of Colorado. Viking Fund Management Limited Liability holds 1.48% in Continental Resources, Inc. (NYSE:CLR) or 132,000 shares. Slate Path LP accumulated 490,000 shares or 1.85% of the stock. Central Asset And Mngmt (Hk) accumulated 5,300 shares or 0.27% of the stock. First Manhattan Commerce reported 0% stake. North Star Mgmt, Illinois-based fund reported 200 shares. Point72 Asset Mgmt LP stated it has 1.31 million shares or 0.32% of all its holdings. Insurance Communications Tx reported 88,355 shares. Bancorporation Of Ny Mellon has 0.02% invested in Continental Resources, Inc. (NYSE:CLR). Pillar Pacific Mgmt Ltd Com invested in 62,061 shares. Price T Rowe Associates Md holds 1.29M shares or 0.01% of its portfolio. Gulf Bancorporation (Uk) Limited invested 0.02% in Continental Resources, Inc. (NYSE:CLR). New York-based Morgan Stanley has invested 0.03% in Continental Resources, Inc. (NYSE:CLR). State Of Wisconsin Investment Board has invested 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR).

Since March 1, 2018, it had 3 insider buys, and 10 sales for $6.50 million activity. Shares for $796,950 were sold by Hart John D. 10,000 shares were sold by Eissenstat Eric Spencer, worth $560,192. On Tuesday, May 29 Hamm Harold bought $8.88M worth of Continental Resources, Inc. (NYSE:CLR) or 136,000 shares. 3,000 shares valued at $205,084 were sold by McNabb John T II on Thursday, May 10. The insider Owen Steven K sold $1.19 million.

Capital Impact Advisors Llc, which manages about $127.23M and $243.20 million US Long portfolio, upped its stake in National Beverage Corp (NASDAQ:FIZZ) by 3,927 shares to 14,929 shares, valued at $1.33 million in 2018Q1, according to the filing. It also increased its holding in Healthstream Inc (NASDAQ:HSTM) by 14,632 shares in the quarter, for a total of 66,490 shares, and has risen its stake in Cogent Communications Hldgs (NASDAQ:CCOI).

More notable recent Continental Resources, Inc. (NYSE:CLR) news were published by: Investorplace.com which released: “David Einhorn and the Deflationary Value of Cloud” on August 08, 2018, also Benzinga.com with their article: “Earnings Scheduled For August 7, 2018” published on August 07, 2018, Seekingalpha.com published: “Continental Resources Remains A Buy” on August 09, 2018. More interesting news about Continental Resources, Inc. (NYSE:CLR) were released by: Seekingalpha.com and their article: “Continental Resources announces preliminary Q2 production results” published on July 24, 2018 as well as Seekingalpha.com‘s news article titled: “Continental Resources: Drilling Profits, But Enough?” with publication date: August 09, 2018.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.06, from 0.94 in 2017Q4. It increased, as 72 investors sold MRK shares while 603 reduced holdings. 114 funds opened positions while 561 raised stakes. 1.91 billion shares or 1.08% less from 1.93 billion shares in 2017Q4 were reported. The Massachusetts-based Wellington Mngmt Grp Inc Limited Liability Partnership has invested 0.94% in Merck & Co., Inc. (NYSE:MRK). Financial Advisory Ser Inc reported 12,552 shares. West Chester Incorporated holds 0.27% or 4,363 shares. 62,524 are owned by Marble Harbor Investment Counsel Ltd Liability. Pennsylvania-based Mitchell Sinkler & Starr Pa has invested 2.18% in Merck & Co., Inc. (NYSE:MRK). Victory Capital Inc holds 42,260 shares or 0.01% of its portfolio. The United Kingdom-based Aviva Public Ltd Co has invested 0.65% in Merck & Co., Inc. (NYSE:MRK). Tctc Holdg Lc holds 0.6% or 207,909 shares in its portfolio. Howe Rusling holds 2,199 shares. Prudential accumulated 4.68M shares. First Natl has 1.29% invested in Merck & Co., Inc. (NYSE:MRK). Bahl & Gaynor reported 0.22% stake. Wagner Bowman reported 23,144 shares. Moreover, Palisade Asset Mngmt Ltd Limited Liability Company has 0.16% invested in Merck & Co., Inc. (NYSE:MRK). Cutter Communications Brokerage has invested 0.19% in Merck & Co., Inc. (NYSE:MRK).

More important recent Merck & Co., Inc. (NYSE:MRK) news were published by: 247Wallst.com which released: “Merck Underwhelms Despite Beating Earnings” on July 27, 2018, also Benzinga.com published article titled: “Merck Announces Plans To Cut Drug Prices”, Seekingalpha.com published: “BeiGene launches late-stage study of tislelizumab in first-line lung cancer” on August 09, 2018. More interesting news about Merck & Co., Inc. (NYSE:MRK) was released by: Forbes.com and their article: “What Will Drive Merck’s Near-Term Growth?” with publication date: August 06, 2018.

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

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