Korea Investment CORP raised its stake in Continental Resources, Inc. (NYSE:CLR) by 73.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,500 shares of the oil and natural gas company’s stock after buying an additional 17,100 shares during the period. Korea Investment CORP’s holdings in Continental Resources were worth $1,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $103,000 after buying an additional 119 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 last quarter. Financial Architects Inc raised its stake in shares of Continental Resources by 870.0% in the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after buying an additional 4,350 shares during the last quarter. Winch Advisory Services LLC purchased a new stake in shares of Continental Resources during the first quarter worth approximately $191,000. Finally, Heritage Trust Co purchased a new stake in shares of Continental Resources during the first quarter worth approximately $200,000. 22.93% of the stock is owned by hedge funds and other institutional investors.

Shares of Continental Resources, Inc. (NYSE CLR) opened at 33.32 on Tuesday. The company’s 50 day moving average is $32.40 and its 200 day moving average is $39.97. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30. The company’s market cap is $12.37 billion.

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A number of analysts recently commented on the company. BidaskClub raised Continental Resources from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays PLC set a $37.00 price objective on Continental Resources and gave the stock an “overweight” rating in a report on Thursday, August 10th. Zacks Investment Research raised Continental Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. decreased their price objective on Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a report on Friday, July 21st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. Continental Resources has a consensus rating of “Buy” and an average target price of $50.09.

In related news, CEO Harold Hamm purchased 36,452 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were acquired at an average price of $42.05 per share, for a total transaction of $1,532,806.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate 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.

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

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