State of Tennessee Treasury Department boosted its stake in Continental Resources, Inc. (NYSE:CLR) by 14.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 273,632 shares of the oil and natural gas company’s stock after purchasing an additional 33,632 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of Continental Resources worth $8,846,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. grew its holdings in 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 purchasing an additional 119 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings 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 purchasing an additional 150 shares during the period. Heritage Trust Co acquired a new stake in Continental Resources in the first quarter worth $200,000. KBC Group NV grew its holdings 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 purchasing an additional 207 shares during the period. Finally, Financial Architects Inc grew its holdings in Continental Resources by 870.0% in the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after purchasing an additional 4,350 shares during the period. Institutional investors and hedge funds own 23.30% of the company’s stock.

CLR has been the subject of a number of research reports. Bank of America Corporation restated a “buy” rating and issued a $68.00 price target (down from $74.00) on shares of Continental Resources in a report on Thursday, May 11th. BMO Capital Markets restated a “buy” rating and issued a $55.00 price target on shares of Continental Resources in a report on Monday, May 15th. Credit Suisse Group upgraded shares of Continental Resources from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $57.00 in a report on Monday, May 15th. Jefferies Group LLC restated a “buy” rating and issued a $56.00 price target on shares of Continental Resources in a report on Wednesday, May 17th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $62.00 price target on shares of Continental Resources in a report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.32.

Continental Resources, Inc. (NYSE:CLR) opened at 34.71 on Friday. The company’s 50-day moving average is $33.28 and its 200 day moving average is $38.37. The stock’s market capitalization is $12.88 billion. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30.

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

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