Icon Advisers Inc. Co. lessened its position in shares of Continental Resources, Inc. (NYSE:CLR) by 19.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,750 shares of the oil and natural gas company’s stock after selling 17,100 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Continental Resources were worth $2,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KBC Group NV raised its stake in shares of Continental Resources by 4.7% during the 1st quarter. KBC Group NV now owns 4,657 shares of the oil and natural gas company’s stock worth $211,000 after acquiring an additional 207 shares in the last quarter. Financial Architects Inc raised its stake in shares of Continental Resources by 870.0% during the 2nd quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock worth $157,000 after acquiring an additional 4,350 shares in the last quarter. Sii Investments Inc. WI raised its stake in shares of Continental Resources by 25.6% during the 1st quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock worth $235,000 after acquiring an additional 1,050 shares in the last quarter. First Financial Equity Corporation bought a new position in shares of Continental Resources during the 1st quarter worth approximately $241,000. Finally, Commerce Bank raised its stake in shares of Continental Resources by 4.0% during the 1st quarter. Commerce Bank now owns 5,538 shares of the oil and natural gas company’s stock worth $252,000 after acquiring an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 23.30% of the company’s stock.

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Shares of Continental Resources, Inc. (NYSE:CLR) opened at 36.15 on Friday. The stock’s market capitalization is $13.42 billion. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $60.30. The company’s 50-day moving average is $33.74 and its 200-day moving average is $37.97.

Several research firms recently commented on CLR. Scotiabank reduced their price objective on shares of Continental Resources from $14.00 to $13.50 and set an “outperform” rating for the company in a research note on Friday, September 8th. Jefferies Group LLC set a $42.00 price objective on shares of Continental Resources and gave the stock a “buy” rating in a research note on Tuesday, August 29th. BMO Capital Markets set a $36.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Monday, August 28th. Stifel Nicolaus set a $59.00 price target on shares of Continental Resources and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, BidaskClub upgraded shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $46.29.

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.

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

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