Principal Financial Group Inc. Sells 477 Shares of Continental Resources, Inc. (CLR)

Principal Financial Group Inc. decreased its holdings in shares of Continental Resources, Inc. (NYSE:CLR) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,421 shares of the oil and natural gas company’s stock after selling 477 shares during the quarter. Principal Financial Group Inc.’s holdings in Continental Resources were worth $499,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CLR. BlackRock Inc. raised its stake 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 purchasing an additional 4,863,974 shares in the last quarter. Bank of America Corp DE raised its stake in Continental Resources by 86.6% during the first quarter. Bank of America Corp DE now owns 3,497,989 shares of the oil and natural gas company’s stock valued at $158,879,000 after purchasing an additional 1,623,470 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Continental Resources during the first quarter valued at $22,855,000. TPH Asset Management LLC raised its stake in Continental Resources by 792.2% during the first quarter. TPH Asset Management LLC now owns 294,947 shares of the oil and natural gas company’s stock valued at $13,396,000 after purchasing an additional 261,887 shares in the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Continental Resources during the first quarter valued at $11,837,000. 23.37% of the stock is currently owned by institutional investors.

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Continental Resources, Inc. (CLR) opened at 37.07 on Friday. The company’s market capitalization is $13.76 billion. Continental Resources, Inc. has a one year low of $29.08 and a one year high of $60.30. The firm’s 50-day moving average is $36.26 and its 200 day moving average is $37.07.

CLR has been the topic of a number of recent research reports. Wolfe Research initiated coverage on shares of Continental Resources in a research note on Thursday, June 15th. They set an “outperform” rating and a $45.00 price target on the stock. 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. Scotiabank reaffirmed a “buy” rating and set a $52.00 price target on shares of Continental Resources in a research note on Friday, June 30th. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the stock. Continental Resources currently has a consensus rating of “Hold” and an average target price of $46.30.

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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