SG Americas Securities LLC raised its position in shares of Continental Resources, Inc. (NYSE:CLR) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,428 shares of the oil and natural gas company’s stock after buying an additional 7,582 shares during the period. SG Americas Securities LLC’s holdings in Continental Resources were worth $1,263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Capital Group LLC boosted its position in Continental Resources by 333.3% during the 4th quarter. Private Capital Group LLC now owns 832 shares of the oil and natural gas company’s stock valued at $33,000 after buying an additional 640 shares during the period. NuWave Investment Management LLC boosted its position in Continental Resources by 18.4% during the 4th quarter. NuWave Investment Management LLC now owns 1,663 shares of the oil and natural gas company’s stock valued at $67,000 after buying an additional 258 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Continental Resources during the 4th quarter valued at $80,000. Focused Wealth Management Inc purchased a new stake in Continental Resources during the 3rd quarter valued at $171,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Continental Resources during the 3rd quarter valued at $221,000. 21.31% of the stock is owned by institutional investors and hedge funds.

Shares of Continental Resources stock opened at $46.93 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.92 and a quick ratio of 0.85. The stock has a market capitalization of $16.98 billion, a P/E ratio of 92.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. Continental Resources, Inc. has a 1 year low of $35.54 and a 1 year high of $71.95.

Several equities research analysts have weighed in on the stock. Guggenheim reissued a “buy” rating and set a $66.00 price target on shares of Continental Resources in a research report on Thursday. KeyCorp assumed coverage on shares of Continental Resources in a research report on Tuesday, February 12th. They set an “overweight” rating and a $52.00 price target for the company. ValuEngine cut shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. Ifs Securities reissued an “outperform” rating on shares of Continental Resources in a research report on Sunday, February 3rd. Finally, Zacks Investment Research raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-two have assigned a buy rating to the company. Continental Resources has a consensus rating of “Buy” and an average target price of $69.41.

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About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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

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