APG Asset Management N.V. Has $7.48 Million Stake in Continental Resources, Inc. (CLR)

APG Asset Management N.V. cut its position in Continental Resources, Inc. (NYSE:CLR) by 68.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,796 shares of the oil and natural gas company’s stock after selling 413,200 shares during the period. APG Asset Management N.V. owned about 0.05% of Continental Resources worth $7,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLR. Mutual of America Capital Management LLC grew its stake in Continental Resources by 35.4% during the third quarter. Mutual of America Capital Management LLC now owns 15,871 shares of the oil and natural gas company’s stock valued at $613,000 after acquiring an additional 4,150 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Continental Resources during the third quarter valued at $259,000. Shell Asset Management Co. grew its stake in Continental Resources by 145.9% during the third quarter. Shell Asset Management Co. now owns 15,405 shares of the oil and natural gas company’s stock valued at $1,024,000 after acquiring an additional 9,139 shares in the last quarter. Benefit Street Partners LLC purchased a new position in Continental Resources during the second quarter valued at $9,376,000. Finally, Archford Capital Strategies LLC lifted its position in Continental Resources by 1,910.6% during the second quarter. Archford Capital Strategies LLC now owns 10,395 shares of the oil and natural gas company’s stock valued at $946,000 after purchasing an additional 9,878 shares during the last quarter. 23.22% of the stock is owned by hedge funds and other institutional investors.

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Several equities analysts have commented on the stock. Morgan Stanley increased their price objective on shares of Continental Resources from $43.00 to $51.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. KeyCorp reiterated a “hold” rating on shares of Continental Resources in a research report on Thursday, October 12th. SunTrust Banks, Inc. set a $50.00 price objective on shares of Continental Resources and gave the company a “buy” rating in a research report on Thursday, October 12th. Robert W. Baird set a $40.00 target price on shares of Continental Resources and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $47.00 target price on shares of Continental Resources in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $46.50.

Shares of Continental Resources, Inc. (NYSE:CLR) opened at $42.37 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 1.54.

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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