Archford Capital Strategies LLC boosted its stake in shares of Continental Resources, Inc. (NYSE:CLR) by 1,910.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,395 shares of the oil and natural gas company’s stock after acquiring an additional 9,878 shares during the quarter. Archford Capital Strategies LLC’s holdings in Continental Resources were worth $946,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its position in Continental Resources by 10.6% during the first quarter. UBS Asset Management Americas Inc. now owns 231,214 shares of the oil and natural gas company’s stock valued at $10,502,000 after acquiring an additional 22,201 shares in the last quarter. Wesbanco Bank Inc. raised its position in Continental Resources by 14.1% during the second quarter. Wesbanco Bank Inc. now owns 132,764 shares of the oil and natural gas company’s stock valued at $4,293,000 after acquiring an additional 16,375 shares in the last quarter. HighTower Advisors LLC raised its position in Continental Resources by 9.4% during the first quarter. HighTower Advisors LLC now owns 9,077 shares of the oil and natural gas company’s stock valued at $415,000 after acquiring an additional 777 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Continental Resources during the first quarter valued at approximately $351,000. Finally, BlackRock Inc. raised its position in Continental Resources by 4,992.6% during the first 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 in the last quarter. Institutional investors own 23.38% of the company’s stock.

CLR has been the subject of several recent research reports. Seaport Global Securities cut Continental Resources from a “buy” rating to a “sell” rating and reduced their price target for the company from $57.00 to $20.00 in a research report on Wednesday, June 21st. Scotiabank reiterated a “buy” rating and set a $52.00 price target on shares of Continental Resources in a research report on Friday, June 30th. BidaskClub upgraded Continental Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th. Barclays PLC reiterated a “buy” rating and set a $34.00 price target on shares of Continental Resources in a research report on Friday, July 7th. Finally, Zacks Investment Research cut Continental Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.30.

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Shares of Continental Resources, Inc. (NYSE:CLR) traded up 0.94% during mid-day trading on Monday, hitting $37.55. The stock had a trading volume of 402,084 shares. The stock has a 50 day moving average price of $36.44 and a 200-day moving average price of $36.93. Continental Resources, Inc. has a 52-week low of $29.08 and a 52-week high of $60.30. The company’s market cap is $13.94 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.

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

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