Alliancebernstein L.P. reduced its position in shares of Continental Resources, Inc. (NYSE:CLR) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,399 shares of the oil and natural gas company’s stock after selling 4,123 shares during the period. Alliancebernstein L.P.’s holdings in Continental Resources were worth $2,652,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CLR. Mn Services Vermogensbeheer B.V. increased its position in shares of 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 worth $103,000 after buying an additional 119 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in 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 period. Winch Advisory Services LLC purchased a new position in Continental Resources during the first quarter worth $191,000. Heritage Trust Co purchased a new position in Continental Resources during the first quarter worth $200,000. Finally, KBC Group NV increased its position in Continental Resources by 4.7% in the first quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after buying an additional 207 shares during the period. 23.07% of the stock is currently owned by institutional investors.

Shares of Continental Resources, Inc. (NYSE CLR) traded down 2.35% on Monday, hitting $32.86. The stock had a trading volume of 3,051,797 shares. The stock’s market cap is $12.19 billion. The company has a 50 day moving average price of $32.19 and a 200-day moving average price of $41.07. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30.

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CLR has been the topic of a number of research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $55.00 price target on shares of Continental Resources in a research note on Monday, May 15th. Bank of America Corporation reissued a “buy” rating and issued a $68.00 price objective (down from $74.00) on shares of Continental Resources in a research note on Thursday, May 11th. KLR Group increased their price objective on Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Barclays PLC reissued a “buy” rating and issued a $54.00 price objective on shares of Continental Resources in a research note on Sunday, May 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 target price on shares of Continental Resources in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.13.

In other Continental Resources news, CEO Harold Hamm bought 36,452 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average cost of $42.05 per share, with a total value of $1,532,806.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.

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

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