Northern Trust Corp grew its holdings in Continental Resources, Inc. (NYSE:CLR) by 2.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 781,598 shares of the oil and natural gas company’s stock after buying an additional 15,329 shares during the period. Northern Trust Corp’s holdings in Continental Resources were worth $50,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of CLR. FMR LLC grew its stake in shares of Continental Resources by 16.9% in the 2nd quarter. FMR LLC now owns 14,985,708 shares of the oil and natural gas company’s stock worth $970,474,000 after buying an additional 2,170,030 shares in the last quarter. Millennium Management LLC grew its stake in shares of Continental Resources by 269.1% in the 2nd quarter. Millennium Management LLC now owns 1,415,575 shares of the oil and natural gas company’s stock worth $91,673,000 after buying an additional 1,032,069 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Continental Resources by 2,976.3% in the 2nd quarter. Voya Investment Management LLC now owns 825,169 shares of the oil and natural gas company’s stock worth $53,438,000 after buying an additional 798,346 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of Continental Resources by 725.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 704,318 shares of the oil and natural gas company’s stock worth $45,612,000 after buying an additional 619,027 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Continental Resources by 331.8% in the 2nd quarter. Janus Henderson Group PLC now owns 774,284 shares of the oil and natural gas company’s stock worth $50,143,000 after buying an additional 594,949 shares in the last quarter. 22.53% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on CLR shares. Zacks Investment Research raised shares of Continental Resources from a “hold” rating to a “strong-buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, July 4th. Scotiabank reissued a “buy” rating and issued a $78.00 price objective on shares of Continental Resources in a research note on Thursday, September 27th. Morgan Stanley dropped their price objective on shares of Continental Resources from $97.00 to $89.00 and set an “overweight” rating for the company in a research note on Thursday, July 12th. TD Securities started coverage on shares of Continental Resources in a research note on Thursday, July 5th. They issued a “hold” rating and a $73.00 price objective for the company. Finally, Bank of America lifted their price objective on shares of Continental Resources from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Thirteen research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $72.26.

CLR stock opened at $60.45 on Friday. Continental Resources, Inc. has a 12 month low of $36.05 and a 12 month high of $71.95. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.89. The stock has a market cap of $25.68 billion, a P/E ratio of 118.53, a PEG ratio of 1.76 and a beta of 1.24.

Continental Resources (NYSE:CLR) last released its quarterly earnings results on Tuesday, August 7th. The oil and natural gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Continental Resources had a net margin of 32.80% and a return on equity of 14.01%. As a group, research analysts expect that Continental Resources, Inc. will post 3.16 earnings per share for the current year.

In other Continental Resources news, SVP Gary E. Gould sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $67.00, for a total value of $335,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 76.83% of the stock is owned by insiders.

About Continental Resources

Continental Resources, Inc explores for, develops, and produces crude oil and natural gas properties in the north, south, and east regions of the United States. The company sells its crude oil and natural gas production to energy marketing companies, crude oil refining companies, and natural gas gathering and processing companies.

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

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