US Bancorp DE reduced its position in shares of Continental Resources, Inc. (NYSE:CLR) by 41.7% during the second quarter, Holdings Channel reports. The institutional investor owned 30,416 shares of the oil and natural gas company’s stock after selling 21,746 shares during the period. US Bancorp DE’s holdings in Continental Resources were worth $983,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in CLR. Mn Services Vermogensbeheer B.V. raised its stake in Continental Resources by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,430 shares of the oil and natural gas company’s stock worth $103,000 after buying an additional 119 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Continental Resources by 5.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the oil and natural gas company’s stock worth $138,000 after buying an additional 150 shares during the period. Winch Advisory Services LLC bought a new stake in Continental Resources during the first quarter worth about $191,000. Heritage Trust Co bought a new stake in Continental Resources during the first quarter worth about $200,000. Finally, KBC Group NV raised its stake in Continental Resources by 4.7% in the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 23.07% of the company’s stock.
Continental Resources, Inc. (NYSE:CLR) traded up 2.259% during trading on Thursday, reaching $35.085. The company’s stock had a trading volume of 2,105,513 shares. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $60.30. The company’s market cap is $13.12 billion. The stock has a 50-day moving average price of $32.11 and a 200 day moving average price of $40.43.
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A number of equities analysts recently commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $61.00 price objective on shares of Continental Resources in a report on Wednesday, April 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price target on shares of Continental Resources in a report on Tuesday, April 25th. Barclays PLC reiterated a “buy” rating and set a $53.00 price target (down previously from $58.00) on shares of Continental Resources in a report on Thursday, April 20th. FBR & Co reduced their price objective on Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating for the company in a research report on Monday, May 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $56.00 price objective on shares of Continental Resources in a research report on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.13.
In other news, CEO Harold Hamm acquired 36,452 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $42.05 per share, with a total value of $1,532,806.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 76.97% of the stock is owned by company insiders.
Continental Resources Company Profile
Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.
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