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Sir Capital Management LP Has Lifted Its Continental Resources (CLR) Holding; Pacific Mercantile Bancorp Has 1.53 Sentiment

Sir Capital Management Lp increased Continental Resources Inc (CLR) stake by 144.55% reported in 2017Q2 SEC filing. Sir Capital Management Lp acquired 535,702 shares as Continental Resources Inc (CLR)’s stock declined 7.27%. The Sir Capital Management Lp holds 906,302 shares with $29.30M value, up from 370,600 last quarter. Continental Resources Inc now has $17.98 billion valuation. The stock increased 2.37% or $1.12 during the last trading session, reaching $48.45. About 1.34M shares traded. Continental Resources, Inc. (NYSE:CLR) has risen 4.05% since December 1, 2016 and is uptrending. It has underperformed by 12.65% the S&P500.

Pacific Mercantile Bancorp operates as the holding firm for Pacific Mercantile Bank that provides a range of commercial banking services and products to small and medium-size businesses and professionals in Southern California. The company has market cap of $221.46 million. The companyÂ’s deposit products include noninterest-bearing and interest-bearing checking accounts, interest-bearing term deposit accounts, money market and savings deposits, and certificates of deposit. It currently has negative earnings. It also offers various loans, such as commercial loans and credit lines, accounts receivable and inventory financing, small business administration guaranteed business loans, owner-occupied commercial real estate loans, working capital lines of credit and asset based lending, growth capital loans, equipment financing, letters of credit, and corporate credit cards.

The stock decreased 0.52% or $0.05 during the last trading session, reaching $9.55. About 3,412 shares traded. Pacific Mercantile Bancorp (PMBC) has risen 6.90% since December 1, 2016 and is uptrending. It has underperformed by 9.80% the S&P500.

Endeavour Capital Advisors Inc holds 7.74% of its portfolio in Pacific Mercantile Bancorp for 1.98 million shares. Clover Partners L.P. owns 1.50 million shares or 4.51% of their US portfolio. Moreover, Ejf Capital Llc has 0.73% invested in the company for 978,251 shares. The Pennsylvania-based Emerald Mutual Fund Advisers Trust has invested 0.23% in the stock. Salzhauer Michael, a New York-based fund reported 47,000 shares.

Investors sentiment increased to 1.08 in 2017 Q2. Its up 0.04, from 1.04 in 2017Q1. It improved, as 47 investors sold CLR shares while 95 reduced holdings. 41 funds opened positions while 112 raised stakes. 85.95 million shares or 2.26% more from 84.06 million shares in 2017Q1 were reported. Natixis holds 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR) for 25,007 shares. North Star Inv Management Corporation has 0% invested in Continental Resources, Inc. (NYSE:CLR). Massmutual Fsb Adv reported 150 shares stake. 12,084 are owned by Qcm Cayman Ltd. Wisconsin-based Winch Advisory Limited Liability Company has invested 0.09% in Continental Resources, Inc. (NYSE:CLR). Rafferty Asset Mngmt Ltd Company reported 21,597 shares stake. Geosphere has invested 2.22% in Continental Resources, Inc. (NYSE:CLR). Parkwood Ltd Com owns 0.07% invested in Continental Resources, Inc. (NYSE:CLR) for 14,777 shares. 83,100 were accumulated by Quantitative Investment Limited Liability Corporation. Pnc Fincl Gp Inc reported 24,086 shares. Farmers & Merchants Invests has invested 0% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Reaves W H Com reported 0.24% stake. Caymus Cap Prtn LP invested 3.09% in Continental Resources, Inc. (NYSE:CLR). Wfg Advisors Limited Partnership has invested 0.01% of its portfolio in Continental Resources, Inc. (NYSE:CLR). Miller Howard Investments New York stated it has 0.01% in Continental Resources, Inc. (NYSE:CLR).

Sir Capital Management Lp decreased Dow Chem Co (NYSE:DOW) stake by 120,711 shares to 304,677 valued at $19.22M in 2017Q2. It also reduced U S Silica Hldgs Inc (NYSE:SLCA) stake by 124,469 shares and now owns 81,244 shares. Src Energy Inc was reduced too.

Among 36 analysts covering Continental Resources Inc. (NYSE:CLR), 24 have Buy rating, 0 Sell and 12 Hold. Therefore 67% are positive. Continental Resources Inc. had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 13 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, August 25 by Nomura. As per Monday, June 27, the company rating was maintained by Scotia Capital. The rating was maintained by Barclays Capital on Monday, November 20 with “Overweight”. The rating was maintained by Wunderlich with “Buy” on Friday, May 6. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Positive” rating by Susquehanna on Tuesday, January 26. The rating was initiated by Credit Suisse on Monday, June 6 with “Neutral”. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 10. The stock of Continental Resources, Inc. (NYSE:CLR) earned “Buy” rating by Stifel Nicolaus on Friday, August 25. The firm earned “Buy” rating on Tuesday, January 5 by Bank of America.

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