California Public Employees Retirement System Acquires 8,100 Shares of Continental Resources, Inc. (CLR)

California Public Employees Retirement System boosted its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,700 shares of the oil and natural gas company’s stock after purchasing an additional 8,100 shares during the quarter. California Public Employees Retirement System owned about 0.06% of Continental Resources worth $7,523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV raised its stake in Continental Resources by 4.7% during 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 purchasing an additional 207 shares in the last quarter. Financial Architects Inc raised its stake in Continental Resources by 870.0% during the second quarter. Financial Architects Inc now owns 4,850 shares of the oil and natural gas company’s stock valued at $157,000 after purchasing an additional 4,350 shares in the last quarter. Sii Investments Inc. WI raised its stake in Continental Resources by 25.6% during the first quarter. Sii Investments Inc. WI now owns 5,150 shares of the oil and natural gas company’s stock valued at $235,000 after purchasing an additional 1,050 shares in the last quarter. First Financial Equity Corporation purchased a new stake in Continental Resources during the first quarter valued at $241,000. Finally, TD Asset Management Inc. raised its stake in Continental Resources by 5.5% during the first quarter. TD Asset Management Inc. now owns 5,754 shares of the oil and natural gas company’s stock valued at $261,000 after purchasing an additional 300 shares in the last quarter. 23.37% of the stock is currently owned by institutional investors.

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Continental Resources, Inc. (CLR) opened at 37.64 on Thursday. The company’s market capitalization is $13.97 billion. The stock has a 50 day moving average of $36.15 and a 200-day moving average of $37.07. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30.

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price target on shares of Continental Resources in a research note on Thursday, July 20th. Zacks Investment Research downgraded shares of Continental Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed a “buy” rating and set a $34.00 price target on shares of Continental Resources in a research note on Friday, July 7th. Cowen and Company set a $35.00 price target on shares of Continental Resources and gave the company a “hold” rating in a research note on Tuesday, July 18th. Finally, Seaport Global Securities downgraded shares of Continental Resources from a “buy” rating to a “sell” rating and decreased their price target for the company from $57.00 to $20.00 in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.43.

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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