Continental Resources, Inc. (CLR) Position Boosted by Turner Investments LLC

Turner Investments LLC increased its position in shares of Continental Resources, Inc. (NYSE:CLR) by 48.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,190 shares of the oil and natural gas company’s stock after buying an additional 4,600 shares during the period. Turner Investments LLC’s holdings in Continental Resources were worth $459,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Continental Resources by 4,992.6% in the first quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after buying an additional 4,863,974 shares during the period. Bank of America Corp DE boosted its stake in shares of Continental Resources by 86.6% in the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock worth $158,879,000 after buying an additional 1,623,470 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Continental Resources during the first quarter worth approximately $22,855,000. Caymus Capital Partners L.P. boosted its stake in shares of Continental Resources by 27.7% in the first quarter. Caymus Capital Partners L.P. now owns 1,299,500 shares of the oil and natural gas company’s stock worth $59,023,000 after buying an additional 281,500 shares during the period. Finally, TPH Asset Management LLC boosted its stake in shares of Continental Resources by 792.2% in the first quarter. TPH Asset Management LLC now owns 294,947 shares of the oil and natural gas company’s stock worth $13,396,000 after buying an additional 261,887 shares during the period. 22.93% of the stock is owned by institutional investors.

Continental Resources, Inc. (NYSE:CLR) opened at 32.84 on Monday. Continental Resources, Inc. has a 52 week low of $29.08 and a 52 week high of $60.30. The stock’s 50 day moving average is $32.61 and its 200 day moving average is $39.63. The company’s market capitalization is $12.19 billion.

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CLR has been the subject of a number of recent analyst reports. Credit Suisse Group raised Continental Resources from a “neutral” rating to an “outperform” rating and upped their price target for the company from $40.00 to $57.00 in a research note on Friday, May 5th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 price target on shares of Continental Resources in a research note on Friday, May 26th. Scotiabank reaffirmed a “buy” rating and issued a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of Continental Resources in a research note on Thursday, July 20th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Continental Resources in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $49.45.

In related news, CEO Harold Hamm acquired 36,452 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $42.05 per share, with a total value of $1,532,806.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 76.97% of the stock is owned by corporate insiders.

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.

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