Bank of New York Mellon Corp trimmed its holdings in Continental Resources, Inc. (NYSE:CLR) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 659,769 shares of the oil and natural gas company’s stock after selling 140,211 shares during the period. Bank of New York Mellon Corp owned 0.18% of Continental Resources worth $21,329,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLR. Vanguard Group Inc. lifted its holdings in Continental Resources by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 6,446,564 shares of the oil and natural gas company’s stock worth $292,802,000 after purchasing an additional 188,171 shares during the last quarter. BlackRock Inc. lifted its holdings in Continental Resources by 4,992.6% during the 1st quarter. BlackRock Inc. now owns 4,961,398 shares of the oil and natural gas company’s stock worth $225,346,000 after purchasing an additional 4,863,974 shares during the last quarter. Bank of America Corp DE lifted its holdings in Continental Resources by 86.6% during the 1st 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 purchasing an additional 1,623,470 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Continental Resources by 1.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 3,074,799 shares of the oil and natural gas company’s stock worth $139,657,000 after purchasing an additional 38,889 shares during the last quarter. Finally, State Street Corp lifted its holdings in Continental Resources by 7.5% during the 1st quarter. State Street Corp now owns 2,796,992 shares of the oil and natural gas company’s stock worth $127,042,000 after purchasing an additional 194,211 shares during the last quarter. 23.30% of the stock is owned by institutional investors.

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Several analysts recently weighed in on the company. BidaskClub raised Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $63.00 price target on Continental Resources and gave the stock a “buy” rating in a report on Saturday, June 3rd. Barclays PLC set a $37.00 price target on Continental Resources and gave the stock an “overweight” rating in a report on Thursday, August 10th. BMO Capital Markets dropped their price target on Continental Resources from $45.00 to $36.00 and set an “outperform” rating for the company in a report on Friday, July 14th. Finally, Scotiabank dropped their price target on Continental Resources from $14.00 to $13.50 and set an “outperform” rating for the company in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.29.

Continental Resources, Inc. (NYSE CLR) opened at 36.15 on Friday. The company’s market cap is $13.42 billion. The stock has a 50 day moving average price of $33.74 and a 200 day moving average price of $37.97. Continental Resources, Inc. has a 52 week low of $29.08 and a 52 week high of $60.30.

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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