Allen Investment Management LLC maintained its stake in shares of Continental Resources, Inc. (NYSE:CLR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,203 shares of the oil and natural gas company’s stock at the end of the second quarter. Allen Investment Management LLC’s holdings in Continental Resources were worth $718,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CLR. Mn Services Vermogensbeheer B.V. raised its position 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. Korea Investment CORP bought a new position in Continental Resources during the first quarter worth $1,063,000. ProShare Advisors LLC raised its position in Continental Resources by 6.2% in the first quarter. ProShare Advisors LLC now owns 8,062 shares of the oil and natural gas company’s stock worth $366,000 after buying an additional 471 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in Continental Resources by 41.8% in the first quarter. Glen Harbor Capital Management LLC now owns 19,648 shares of the oil and natural gas company’s stock worth $892,000 after buying an additional 5,792 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in Continental Resources by 24.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 7,771 shares of the oil and natural gas company’s stock worth $352,000 after buying an additional 1,544 shares in the last quarter. 23.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Continental Resources, Inc. (CLR) opened at 33.01 on Wednesday. The stock’s market capitalization is $12.25 billion. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $60.30. The firm has a 50-day moving average price of $32.78 and a 200-day moving average price of $39.10.

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A number of research firms have recently weighed in on CLR. Jefferies Group LLC set a $42.00 target price on Continental Resources and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets set a $36.00 target price on Continental Resources and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus set a $59.00 target price on Continental Resources and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub upgraded Continental Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Barclays PLC set a $37.00 target price on Continental Resources and gave the company an “overweight” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $48.32.

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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