KBC Group NV Increases Stake in Continental Resources, Inc. (CLR)

KBC Group NV lifted its holdings in Continental Resources, Inc. (NYSE:CLR) by 51.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,076 shares of the oil and natural gas company’s stock after purchasing an additional 2,419 shares during the period. KBC Group NV’s holdings in Continental Resources were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Continental Resources by 65.2% in the 1st quarter. US Bancorp DE now owns 52,162 shares of the oil and natural gas company’s stock worth $2,370,000 after purchasing an additional 20,588 shares during the period. Bank of America Corp DE lifted its position in shares of Continental Resources by 86.6% in 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 period. UBS Asset Management Americas Inc. lifted its position in shares of Continental Resources by 10.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock worth $10,502,000 after purchasing an additional 22,201 shares during the period. HighTower Advisors LLC lifted its position in shares of Continental Resources by 9.4% in the 1st quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock worth $415,000 after purchasing an additional 777 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Continental Resources in the 1st quarter worth approximately $351,000. 23.30% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages have recently weighed in on CLR. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $46.00 price target on shares of Continental Resources in a research report on Thursday, July 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 price target on shares of Continental Resources in a research report on Friday, May 26th. Zacks Investment Research cut shares of Continental Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Continental Resources in a research report on Friday, July 7th. Finally, Seaport Global Securities cut shares of Continental Resources from a “buy” rating to a “sell” rating and lowered their price target for the stock from $57.00 to $20.00 in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. Continental Resources has a consensus rating of “Buy” and an average price target of $46.29.

Continental Resources, Inc. (NYSE CLR) opened at 33.75 on Monday. The firm’s 50-day moving average is $33.32 and its 200-day moving average is $38.34. Continental Resources, Inc. has a 52 week low of $29.08 and a 52 week high of $60.30. The firm’s market cap is $12.53 billion.

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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