Continental Resources, Inc. (CLR) Stake Lowered by Riverhead Capital Management LLC

Riverhead Capital Management LLC lessened its holdings in Continental Resources, Inc. (NYSE:CLR) by 49.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,383 shares of the oil and natural gas company’s stock after selling 15,317 shares during the period. Riverhead Capital Management LLC’s holdings in Continental Resources were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. lifted its stake in shares of Continental Resources by 366.5% in the 2nd quarter. Alliancebernstein L.P. now owns 272,454 shares of the oil and natural gas company’s stock valued at $8,808,000 after purchasing an additional 214,055 shares during the last quarter. South Dakota Investment Council raised its holdings in shares of Continental Resources by 170.3% in the 2nd quarter. South Dakota Investment Council now owns 286,209 shares of the oil and natural gas company’s stock valued at $9,253,000 after buying an additional 180,309 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Continental Resources by 107.3% in the 2nd quarter. Wells Fargo & Company MN now owns 404,601 shares of the oil and natural gas company’s stock valued at $13,080,000 after buying an additional 209,409 shares during the period. Engineers Gate Manager LP raised its holdings in shares of Continental Resources by 323.8% in the 2nd quarter. Engineers Gate Manager LP now owns 90,186 shares of the oil and natural gas company’s stock valued at $2,916,000 after buying an additional 68,907 shares during the period. Finally, Capital Advisors Inc. OK raised its holdings in shares of Continental Resources by 5.1% in the 2nd quarter. Capital Advisors Inc. OK now owns 240,556 shares of the oil and natural gas company’s stock valued at $7,777,000 after buying an additional 11,760 shares during the period. 23.30% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Continental Resources, Inc. (CLR) opened at 37.66 on Friday. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30. The company has a 50 day moving average price of $33.93 and a 200-day moving average price of $37.73. The firm’s market capitalization is $13.98 billion.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $46.00 price objective on shares of Continental Resources in a report on Thursday, July 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $62.00 price objective on shares of Continental Resources in a report on Friday, May 26th. Zacks Investment Research downgraded Continental Resources from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reiterated a “buy” rating and issued a $34.00 price objective on shares of Continental Resources in a report on Friday, July 7th. Finally, Cowen and Company set a $35.00 price objective on Continental Resources and gave the company a “hold” rating in a report on Tuesday, July 18th. Two 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. Continental Resources has an average rating of “Buy” and an average price target of $45.83.

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.

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

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