TIAA CREF Investment Management LLC lessened its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 9.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,793,201 shares of the oil and natural gas company’s stock after selling 281,598 shares during the period. TIAA CREF Investment Management LLC owned 0.75% of Continental Resources worth $90,304,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CLR. BlackRock Inc. lifted its position in shares of 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 valued at $225,346,000 after acquiring an additional 4,863,974 shares during the period. Bank of America Corp DE lifted its position in shares of 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 valued at $158,879,000 after acquiring an additional 1,623,470 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Continental Resources by 252.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 739,715 shares of the oil and natural gas company’s stock valued at $23,915,000 after acquiring an additional 529,664 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Continental Resources during the 1st quarter valued at $22,855,000. Finally, TPH Asset Management LLC lifted its position in shares of Continental Resources by 792.2% during the 1st quarter. TPH Asset Management LLC now owns 294,947 shares of the oil and natural gas company’s stock valued at $13,396,000 after acquiring an additional 261,887 shares during the period. Institutional investors own 23.30% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE CLR) opened at 36.15 on Friday. Continental Resources, Inc. has a 1-year low of $29.08 and a 1-year high of $60.30. The company’s market cap is $13.42 billion. The stock has a 50 day moving average of $33.74 and a 200 day moving average of $37.97.

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A number of research analysts recently issued reports on the stock. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of Continental Resources in a research report on Friday, June 30th. Royal Bank Of Canada set a $63.00 target price on shares of Continental Resources and gave the company a “buy” rating in a research report on Saturday, June 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $62.00 target price on shares of Continental Resources in a research report on Friday, May 26th. Cowen and Company set a $35.00 target price on shares of Continental Resources and gave the company a “hold” rating in a research report on Tuesday, July 18th. Finally, Barclays PLC set a $37.00 target price on shares of Continental Resources and gave the company an “overweight” rating in a research report on Thursday, August 10th. Two equities research 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’s stock. Continental Resources presently has an average rating of “Buy” and a consensus target price 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.

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

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