Calton & Associates Inc. purchased a new stake in shares of Continental Resources, Inc. (NYSE:CLR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,521 shares of the oil and natural gas company’s stock, valued at approximately $200,000.

Several other institutional investors have also recently made changes to their positions in CLR. Ameriprise Financial Inc. increased its stake in shares of Continental Resources by 1.6% during the second quarter. Ameriprise Financial Inc. now owns 39,941 shares of the oil and natural gas company’s stock valued at $1,277,000 after buying an additional 647 shares during the period. Stifel Financial Corp increased its stake in shares of Continental Resources by 20.7% during the second quarter. Stifel Financial Corp now owns 7,533 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,294 shares during the period. State Street Corp increased its stake in shares of Continental Resources by 14.4% during the second quarter. State Street Corp now owns 3,200,659 shares of the oil and natural gas company’s stock valued at $103,474,000 after buying an additional 403,667 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Continental Resources by 226.0% during the second quarter. Cubist Systematic Strategies LLC now owns 22,813 shares of the oil and natural gas company’s stock valued at $738,000 after buying an additional 15,815 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Continental Resources by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,385 shares of the oil and natural gas company’s stock valued at $433,000 after buying an additional 920 shares during the period. Hedge funds and other institutional investors own 22.54% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE CLR) opened at $49.06 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.94 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $18,430.00, a PE ratio of -700.86 and a beta of 1.36. Continental Resources, Inc. has a twelve month low of $29.08 and a twelve month high of $58.89.

In other Continental Resources news, SVP Gary E. Gould sold 9,874 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $50.85, for a total value of $502,092.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John D. Hart sold 6,000 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $51.23, for a total value of $307,380.00. The disclosure for this sale can be found here. In the last three months, insiders sold 52,874 shares of company stock valued at $2,603,673. Corporate insiders own 76.87% of the company’s stock.

Several brokerages have recently commented on CLR. Barclays restated an “overweight” rating and set a $58.00 price target (up previously from $53.00) on shares of Continental Resources in a research note on Thursday, January 11th. Credit Suisse Group assumed coverage on Continental Resources in a research note on Monday, December 11th. They issued an “outperform” rating and a $57.00 target price on the stock. Zacks Investment Research lowered Continental Resources from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Macquarie upgraded Continental Resources from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $53.57 to $55.00 in a research note on Thursday, December 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Continental Resources in a research note on Monday, November 13th. Nine research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $53.56.

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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.

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

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