Credit Capital Investments LLC Maintains Position in Continental Resources, Inc. (CLR)
Credit Capital Investments LLC continued to hold its position in shares of Continental Resources, Inc. (NYSE:CLR) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,816 shares of the oil and natural gas company’s stock at the close of the 2nd quarter. Continental Resources comprises 0.9% of Credit Capital Investments LLC’s investment portfolio, making the stock its 17th largest holding. Credit Capital Investments LLC’s holdings in Continental Resources were worth $641,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Continental Resources by 3.1% in the 1st quarter. Bank of New York Mellon Corp now owns 799,980 shares of the oil and natural gas company’s stock valued at $36,336,000 after acquiring an additional 24,204 shares during the last quarter. Comerica Bank lifted its stake in shares of Continental Resources by 0.7% during the 1st quarter. Comerica Bank now owns 15,941 shares of the oil and natural gas company’s stock worth $677,000 after purchasing an additional 110 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Continental Resources by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after purchasing an additional 22,201 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Continental Resources during the first quarter worth $1,200,000. Finally, TD Asset Management Inc. boosted its holdings in shares of Continental Resources by 5.5% during the first quarter. TD Asset Management Inc. now owns 5,754 shares of the oil and natural gas company’s stock worth $261,000 after purchasing an additional 300 shares during the last quarter. 23.37% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Continental Resources in a research report on Friday, June 30th. Royal Bank Of Canada reissued a “buy” rating and issued a $46.00 price target on shares of Continental Resources in a research note on Thursday, July 20th. Zacks Investment Research cut Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC restated a “buy” rating and issued a $34.00 price target on shares of Continental Resources in a report on Friday, July 7th. Finally, BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.83.
Shares of Continental Resources, Inc. (NYSE:CLR) traded down 0.88% on Tuesday, hitting $38.25. 758,357 shares of the stock traded hands. The stock has a 50-day moving average price of $35.24 and a 200 day moving average price of $37.34. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30. The stock’s market cap is $14.20 billion.
Continental Resources 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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