Continental Resources, Inc. (NYSE:CLR) Position Held by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB held its position in Continental Resources, Inc. (NYSE:CLR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,609 shares of the oil and natural gas company’s stock at the end of the second quarter. Xact Kapitalforvaltning AB’s holdings in Continental Resources were worth $246,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Continental Resources by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,019 shares of the oil and natural gas company’s stock valued at $637,000 after buying an additional 36 shares during the last quarter. M&T Bank Corp increased its stake in Continental Resources by 1.4% in the first quarter. M&T Bank Corp now owns 6,125 shares of the oil and natural gas company’s stock valued at $278,000 after buying an additional 85 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in Continental Resources by 0.7% in the first quarter. Hanseatic Management Services Inc. now owns 12,047 shares of the oil and natural gas company’s stock valued at $547,000 after buying an additional 87 shares during the last quarter. Comerica Bank increased its stake in Continental Resources by 0.7% in the first quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock valued at $677,000 after buying an additional 110 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased 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 valued at $103,000 after buying an additional 119 shares during the last quarter. Institutional investors own 22.93% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE CLR) traded up 1.30% during trading on Friday, reaching $32.84. The company had a trading volume of 1,809,472 shares. The company’s 50 day moving average is $32.58 and its 200-day moving average is $39.74. Continental Resources, Inc. has a 1-year low of $29.08 and a 1-year high of $60.30. The stock’s market capitalization is $12.19 billion.

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Several research firms recently weighed in on CLR. Royal Bank Of Canada set a $63.00 price target on Continental Resources and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price target on shares of Continental Resources in a research note on Wednesday, May 17th. Scotiabank restated a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Continental Resources in a research report on Friday, May 26th. Finally, Wolfe Research initiated coverage on Continental Resources in a research report on Thursday, June 15th. They issued an “outperform” rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Continental Resources currently has a consensus rating of “Buy” and an average target price of $49.90.

In other Continental Resources news, CEO Harold Hamm bought 36,452 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was bought at an average cost of $42.05 per share, for a total transaction of $1,532,806.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 76.97% of the company’s stock.

About Continental Resources

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.

Institutional Ownership by Quarter for Continental Resources (NYSE:CLR)

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