Public Employees Retirement Association of Colorado cut its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 0.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,259 shares of the oil and natural gas company’s stock after selling 7 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Continental Resources were worth $687,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CLR. Mn Services Vermogensbeheer B.V. raised 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 valued at $103,000 after buying an additional 119 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake 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 valued at $138,000 after buying an additional 150 shares during the period. Winch Advisory Services LLC purchased a new stake in Continental Resources during the first quarter valued at approximately $191,000. Heritage Trust Co purchased a new stake in Continental Resources during the first quarter valued at approximately $200,000. Finally, KBC Group NV raised its stake 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 valued at $211,000 after buying an additional 207 shares during the period. Hedge funds and other institutional investors own 22.93% of the company’s stock.

Continental Resources, Inc. (NYSE CLR) opened at 32.84 on Friday. The firm’s market capitalization is $12.19 billion. 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 $32.61 and a 200-day moving average price of $39.63.

WARNING: “Continental Resources, Inc. (CLR) Position Decreased by Public Employees Retirement Association of Colorado” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/08/20/continental-resources-inc-clr-position-decreased-by-public-employees-retirement-association-of-colorado.html.

Several research firms have commented on CLR. Jefferies Group LLC reiterated a “buy” rating and set a $56.00 price objective on shares of Continental Resources in a research note on Wednesday, May 17th. Royal Bank Of Canada set a $63.00 price objective on Continental Resources and gave the stock a “buy” rating in a research note on Saturday, June 3rd. Scotiabank reiterated a “buy” rating and set a $52.00 price objective on shares of Continental Resources in a research note on Friday, June 30th. Wolfe Research began coverage on Continental Resources in a research note on Thursday, June 15th. They set an “outperform” rating and a $45.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $62.00 price objective on shares of Continental Resources in a research note on Friday, May 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $49.45.

In other news, CEO Harold Hamm bought 36,452 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $42.05 per share, with a total value of $1,532,806.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 76.97% of the stock is currently owned by insiders.

About Continental Resources

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.

Want to see what other hedge funds are holding CLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Continental Resources, Inc. (NYSE:CLR).

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

Receive News & Stock Ratings for Continental Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Resources Inc. and related stocks with our FREE daily email newsletter.