Trilogy Global Advisors LP Has Increased By $5.14 Million Its China Pete & Chem (SNP) Stake; Continental Resources, Inc. (CLR) Had 29 Bulls

June 19, 2018 - By Hazel Jackson

Continental Resources, Inc. (NYSE:CLR) Logo

Trilogy Global Advisors Lp increased China Pete & Chem Corp (SNP) stake by 11.51% reported in 2018Q1 SEC filing. Trilogy Global Advisors Lp acquired 58,359 shares as China Pete & Chem Corp (SNP)’s stock rose 9.11%. The Trilogy Global Advisors Lp holds 565,493 shares with $50.04 million value, up from 507,134 last quarter. China Pete & Chem Corp now has $97.27B valuation. The stock decreased 1.37% or $1.25 during the last trading session, reaching $89.87. About 149,157 shares traded. China Petroleum & Chemical Corporation (NYSE:SNP) has risen 13.93% since June 19, 2017 and is uptrending. It has outperformed by 1.36% the S&P500. Some Historical SNP News: ; 02/04/2018 – SINOPEC GROUP SAYS TO PRODUCE 0.5 PCT SULPHUR BUNKER FUEL BY 2020 VS CURRENT 3.5 PCT SULPHUR; 09/04/2018 – CHINA’S SINOPEC TO CUT MAY-LOADING SAUDI CRUDE TERM VOLUME BY 40 PCT DUE TO HIGHER-THAN-EXPECTED PRICES – UNIPEC OFFICIAL; 02/04/2018 – CHINA’S SINOPEC TO EXPAND LNG TERMINALS AT QINGDAO AND TIANJIN, TO HAVE FINAL INVESTMENT DECISION ON ZHEJIANG TERMINAL SOON – SENIOR COMPANY OFFICIAL; 07/03/2018 – CHINA JAN-FEB CRUDE OIL IMPORTS 72.90 MLN TONNES VS 65.78 MLN TONNES YR EARLIER – CUSTOMS; 06/03/2018 Sinopec starts operation of refined oil pipeline in east Zhejiang; 10/04/2018 – Sinopec receives 40 pct cut in Saudi crude supplies in May; 24/04/2018 – China unlikely to repeat LNG import surge this winter – Unipec; 27/04/2018 – China Petroleum & Chemical Corporation Files 2017 Annual Report on Form 20-F; 21/03/2018 – ADB signs $250 mln loan deal for China geothermal heating; 07/05/2018 – CHINA JAN-APR CRUDE OIL IMPORTS 151.43 MLN TONNES VS 139.11 MLN TONNES YR EARLIER – CUSTOMS

Among 42 analysts covering Continental Resources Inc. (NYSE:CLR), 29 have Buy rating, 0 Sell and 13 Hold. Therefore 69% are positive. Continental Resources Inc. had 178 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, August 5 by RBC Capital Markets. The stock has “Overweight” rating by Barclays Capital on Wednesday, October 11. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Seaport Global on Wednesday, March 30. Scotia Capital maintained the stock with “Outperform” rating in Monday, June 27 report. Piper Jaffray maintained it with “Buy” rating and $41.0 target in Thursday, October 5 report. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, February 15 report. The firm has “Buy” rating given on Thursday, November 9 by SunTrust. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Outperform” rating by Credit Agricole on Monday, August 10. Morgan Stanley maintained it with “Overweight” rating and $97 target in Thursday, May 24 report. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, February 20 report. See Continental Resources, Inc. (NYSE:CLR) latest ratings:

11/06/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $70 New Target: $86 Maintain
24/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $83 New Target: $97 Maintain
08/05/2018 Broker: Citigroup Rating: Hold New Target: $65.0000 Downgrade
03/05/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $77 New Target: $83 Maintain
03/05/2018 Broker: Ladenburg Rating: Buy New Target: $80.0000 Maintain
01/05/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $53 New Target: $61 Maintain
24/04/2018 Broker: Stephens Rating: Buy New Target: $86.0000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $66.0000 Maintain
23/04/2018 Broker: Guggenheim Rating: Buy New Target: $70.0000 Maintain
22/04/2018 Broker: SunTrust Rating: Buy New Target: $80.0000 Maintain

Among 7 analysts covering China Petroleum & Chemical Corp (NYSE:SNP), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. China Petroleum & Chemical Corp had 9 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was upgraded by Jefferies to “Hold” on Friday, September 11. The stock has “Neutral” rating by Credit Suisse on Tuesday, March 29. The rating was initiated by Nomura on Wednesday, December 6 with “Neutral”. The firm has “Neutral” rating given on Thursday, November 12 by Macquarie Research. The firm earned “Sell” rating on Friday, August 28 by Citigroup. Goldman Sachs downgraded the shares of SNP in report on Monday, June 4 to “Neutral” rating. The rating was upgraded by Jefferies to “Buy” on Wednesday, September 30. As per Wednesday, March 2, the company rating was upgraded by Mizuho. The rating was upgraded by HSBC on Wednesday, August 26 to “Hold”.

More news for China Petroleum & Chemical Corporation (NYSE:SNP) were recently published by: Investorplace.com, which released: “4 Tariff-Proof Chinese Stocks to Consider” on June 18, 2018. Seekingalpha.com‘s article titled: “Bloomberg: China pushing for merger of gas pipeline assets” and published on June 13, 2018 is yet another important article.

Trilogy Global Advisors Lp decreased Makemytrip Limited Mauritius (NASDAQ:MMYT) stake by 311,578 shares to 241,774 valued at $8.39M in 2018Q1. It also reduced Ctrip Com Intl Ltd (NASDAQ:CTRP) stake by 735,228 shares and now owns 569,165 shares. Yum China Hldgs Inc was reduced too.

Investors sentiment decreased to 0.99 in 2018 Q1. Its down 0.06, from 1.05 in 2017Q4. It turned negative, as 36 investors sold Continental Resources, Inc. 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. Great West Life Assurance Com Can invested 0.01% in Continental Resources, Inc. (NYSE:CLR). 200 are held by North Star Inv Mngmt Corp. Jvl Ltd Limited Liability Company reported 63,495 shares or 1.78% of all its holdings. Fmr Ltd Liability invested in 0.09% or 12.82M shares. Moreover, First Trust Advsrs Ltd Partnership has 0.03% invested in Continental Resources, Inc. (NYSE:CLR) for 240,226 shares. Archford Capital Strategies Ltd Liability stated it has 0.01% in Continental Resources, Inc. (NYSE:CLR). Acadian Asset Mngmt Limited Liability Corp holds 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 45 shares. Public Employees Retirement Association Of Colorado reported 18,536 shares. Rafferty Asset Mngmt Lc holds 0.02% or 19,375 shares. Pub Employees Retirement Of Ohio holds 39,980 shares or 0.01% of its portfolio. Fincl Architects holds 500 shares. 20,247 were accumulated by Tudor Investment Corp Et Al. California State Teachers Retirement Sys holds 138,273 shares or 0.02% of its portfolio. Amf Pensionsforsakring reported 0.1% in Continental Resources, Inc. (NYSE:CLR). Avalon Ltd has invested 0.03% in Continental Resources, Inc. (NYSE:CLR).

Since March 1, 2018, it had 3 insider purchases, and 10 sales for $6.50 million activity. 31,995 shares were bought by Hamm Harold, worth $1.56M on Thursday, March 1. Another trade for 6,000 shares valued at $313,635 was made by McNabb John T II on Monday, March 12. Another trade for 15,000 shares valued at $796,950 was sold by Hart John D. On Tuesday, May 15 the insider MCCAIN ELLIS L sold $300,725. 10,000 Continental Resources, Inc. (NYSE:CLR) shares with value of $695,001 were sold by Eissenstat Eric Spencer. 18,000 shares were sold by Owen Steven K, worth $1.19M.

The stock increased 0.21% or $0.13 during the last trading session, reaching $62.23. About 2.08M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 61.38% since June 19, 2017 and is uptrending. It has outperformed by 48.81% the S&P500. Some Historical CLR News: ; 02/05/2018 – CNBC Wires: Continental Resources: 1Q Earnings Snapshot; 03/05/2018 – Continental Resources’ Harold Hamm credits OPEC for boosting oil prices; 29/03/2018 – Continental Resources Announces Forthcoming Departure Of Jim Gallogly From Board Of Directors; 30/04/2018 – CONTINENTAL RESOURCES ASSIGNED L-T IDR BBB- BY FITCH; STABLE; 02/05/2018 – CONTINENTAL RESOURCES 1Q ADJ EPS 68C, EST. 64C; 26/04/2018 – Continental Resources Announces Firm Transportation Agreement on Enable’s Project Wildcat from SCOOP and STACK to Premium Texas Markets; 03/05/2018 – CONTINENTAL RESOURCES INC CLR.N SAYS BENEFITING FROM RISING OIL PRICES CLc1 AS IT DOES NOT HEDGE OIL PRODUCTION; 26/04/2018 – CONTINENTAL RESOURCES INC – PROJECT WILDCAT COMMENCES SERVICE IN JUNE 2018 AND IS EXPECTED TO BE FULLY IN SERVICE IN JULY 2018; 10/03/2018 – Continental Resources Access Event Set By SunTrust for Mar. 15; 17/05/2018 – Continental Resources Announces Shelly Lambertz to Continental Board of Directors

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 market cap of $23.14 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. It has a 22.73 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.

More important recent Continental Resources, Inc. (NYSE:CLR) news were published by: Seekingalpha.com which released: “Continental Resources – The Place To Be” on June 18, 2018, also Benzinga.com published article titled: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)”, Seekingalpha.com published: “Stocks To Watch: Don’t Sleep On Vienna” on June 16, 2018. More interesting news about Continental Resources, Inc. (NYSE:CLR) was released by: Seekingalpha.com and their article: “Continental Resources Can Soar Without Bottlenecks” with publication date: June 05, 2018.

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