Skylands Capital LLC Has $432,000 Position in Continental Resources, Inc. (NYSE:CLR)

Skylands Capital LLC reduced its stake in Continental Resources, Inc. (NYSE:CLR) by 27.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,370 shares of the oil and natural gas company’s stock after selling 4,991 shares during the period. Skylands Capital LLC’s holdings in Continental Resources were worth $432,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of 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 worth $637,000 after buying an additional 36 shares during the period. M&T Bank Corp raised its position in shares of 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 worth $278,000 after buying an additional 85 shares during the period. Hanseatic Management Services Inc. raised its position in shares of 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 worth $547,000 after buying an additional 87 shares during the period. Comerica Bank raised its position in shares of 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 worth $677,000 after buying an additional 110 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of 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 during the period. Institutional investors and hedge funds own 22.93% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE:CLR) traded up 1.30% during mid-day trading on Friday, hitting $32.84. The company had a trading volume of 1,809,472 shares. The firm has a 50-day moving average of $32.61 and a 200-day moving average of $39.63. The company’s market cap is $12.19 billion. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30.

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A number of research analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 target price on shares of Continental Resources in a research report on Tuesday, April 25th. Barclays PLC reissued a “buy” rating and issued a $53.00 price objective (down from $58.00) on shares of Continental Resources in a research note 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 note on Monday, May 1st. Jefferies Group LLC reissued a “buy” rating and issued a $56.00 price objective on shares of Continental Resources in a research note on Wednesday, May 17th. Finally, KLR Group increased their price objective on Continental Resources from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $49.90.

In other news, CEO Harold Hamm purchased 36,452 shares of the company’s stock in a transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 76.97% of the company’s stock.

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.

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

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