Trexquant Investment LP lowered its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 60.8% during the second quarter, Holdings Channel reports. The institutional investor owned 17,400 shares of the oil and natural gas company’s stock after selling 26,955 shares during the period. Trexquant Investment LP’s holdings in Continental Resources were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. increased 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. increased its position in shares of 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 in the last quarter. Winch Advisory Services LLC purchased a new position in shares of Continental Resources during the first quarter valued at $191,000. Heritage Trust Co purchased a new position in shares of Continental Resources during the first quarter valued at $200,000. Finally, KBC Group NV increased its position in shares of 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 in the last quarter. 23.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Continental Resources, Inc. (NYSE CLR) opened at 34.54 on Friday. The company’s market cap is $12.82 billion. The company has a 50-day moving average of $32.34 and a 200 day moving average of $40.27. Continental Resources, Inc. has a 12 month low of $29.08 and a 12 month high of $60.30.

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Several brokerages have weighed in on CLR. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Barclays PLC set a $37.00 price target on shares of Continental Resources and gave the company an “overweight” rating in a report on Thursday. Zacks Investment Research raised shares of Continental Resources from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $63.00 price target on shares of Continental Resources and gave the company a “buy” rating in a report on Saturday, June 3rd. Finally, BMO Capital Markets lowered their price target on shares of Continental Resources from $45.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. Continental Resources has a consensus rating of “Buy” and an average target price of $50.09.

In other Continental Resources news, CEO Harold Hamm acquired 36,452 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 76.97% of the stock is currently owned by company insiders.

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.

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

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