Hodges Capital Management Inc. Has $1.12 Million Stake in Continental Resources, Inc. (NYSE:CLR)

Hodges Capital Management Inc. raised its position in Continental Resources, Inc. (NYSE:CLR) by 30.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,600 shares of the oil and natural gas company’s stock after buying an additional 8,000 shares during the period. Hodges Capital Management Inc.’s holdings in Continental Resources were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CLR. Creative Planning boosted its position in Continental Resources by 5.0% in the first quarter. Creative Planning now owns 11,091 shares of the oil and natural gas company’s stock worth $504,000 after buying an additional 530 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Continental Resources by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 30,134 shares of the oil and natural gas company’s stock worth $1,368,000 after buying an additional 400 shares during the last quarter. Skylands Capital LLC boosted its position in Continental Resources by 414.3% in the first quarter. Skylands Capital LLC now owns 18,361 shares of the oil and natural gas company’s stock worth $834,000 after buying an additional 14,791 shares during the last quarter. Viking Fund Management LLC boosted its position in Continental Resources by 9.8% in the first quarter. Viking Fund Management LLC now owns 280,000 shares of the oil and natural gas company’s stock worth $12,718,000 after buying an additional 25,000 shares during the last quarter. Finally, CWM LLC boosted its position in Continental Resources by 5.0% in the first quarter. CWM LLC now owns 71,515 shares of the oil and natural gas company’s stock worth $3,248,000 after buying an additional 3,408 shares during the last quarter. Institutional investors and hedge funds own 22.93% of the company’s stock.

Shares of Continental Resources, Inc. (NYSE CLR) traded up 1.30% on Friday, reaching $32.84. 1,809,472 shares of the company’s stock traded hands. The firm’s market cap is $12.19 billion. The company’s 50-day moving average price is $32.61 and its 200 day moving average price is $39.63. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $60.30.

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CLR has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price target on shares of Continental Resources in a report on Tuesday, April 25th. FBR & Co reduced their price target on Continental Resources from $56.00 to $46.00 and set a “mkt perform” rating for the company in a report on Monday, May 1st. Credit Suisse Group upgraded Continental Resources from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $57.00 in a report on Friday, May 5th. They noted that the move was a valuation call. Barclays PLC restated a “buy” rating and set a $54.00 price objective on shares of Continental Resources in a report on Sunday, May 7th. Finally, KLR Group boosted their price objective on Continental Resources from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $49.90.

In other news, CEO Harold Hamm purchased 36,452 shares of the business’s stock in a transaction 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 76.97% of the stock is 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.

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

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