Clinton Group Inc. Acquires New Position in Continental Resources, Inc. (CLR)

Clinton Group Inc. acquired a new stake in shares of Continental Resources, Inc. (NYSE:CLR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,253 shares of the oil and natural gas company’s stock, valued at approximately $267,000.

A number of other hedge funds have also recently bought and sold shares of the business. Pine River Capital Management L.P. lifted its stake in Continental Resources by 292.0% during the second quarter. Pine River Capital Management L.P. now owns 56,637 shares of the oil and natural gas company’s stock valued at $1,830,000 after buying an additional 42,187 shares in the last quarter. UBS Oconnor LLC purchased a new stake in Continental Resources during the second quarter valued at about $2,458,000. PDT Partners LLC lifted its stake in Continental Resources by 152.2% during the second quarter. PDT Partners LLC now owns 529,437 shares of the oil and natural gas company’s stock valued at $17,117,000 after buying an additional 319,537 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in Continental Resources by 208.2% during the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after buying an additional 1,611,003 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Continental Resources by 20.7% during the second quarter. Stifel Financial Corp now owns 7,533 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,294 shares in the last quarter. 23.37% of the stock is owned by institutional investors.

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Continental Resources, Inc. (NYSE:CLR) opened at 37.00 on Tuesday. The company has a 50-day moving average price of $35.89 and a 200-day moving average price of $37.11. The firm’s market cap is $13.73 billion. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30.

A number of analysts have commented on CLR shares. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reduced their price objective on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Seaport Global Securities lowered shares of Continental Resources from a “buy” rating to a “sell” rating and reduced their price objective for the company from $57.00 to $20.00 in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a research note on Thursday, July 20th. Two equities research

A number of other hedge funds have also recently bought and sold shares of the business. Pine River Capital Management L.P. lifted its stake in Continental Resources by 292.0% during the second quarter. Pine River Capital Management L.P. now owns 56,637 shares of the oil and natural gas company’s stock valued at $1,830,000 after buying an additional 42,187 shares in the last quarter. UBS Oconnor LLC purchased a new stake in Continental Resources during the second quarter valued at about $2,458,000. PDT Partners LLC lifted its stake in Continental Resources by 152.2% during the second quarter. PDT Partners LLC now owns 529,437 shares of the oil and natural gas company’s stock valued at $17,117,000 after buying an additional 319,537 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in Continental Resources by 208.2% during the second quarter. Balyasny Asset Management LLC now owns 2,384,953 shares of the oil and natural gas company’s stock valued at $77,106,000 after buying an additional 1,611,003 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Continental Resources by 20.7% during the second quarter. Stifel Financial Corp now owns 7,533 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 1,294 shares in the last quarter. 23.37% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/clinton-group-inc-acquires-new-position-in-continental-resources-inc-clr.html.

Continental Resources, Inc. (NYSE:CLR) opened at 37.00 on Tuesday. The company has a 50-day moving average price of $35.89 and a 200-day moving average price of $37.11. The firm’s market cap is $13.73 billion. Continental Resources, Inc. has a 12-month low of $29.08 and a 12-month high of $60.30.

A number of analysts have commented on CLR shares. BidaskClub raised shares of Continental Resources from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Continental Resources from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reduced their price objective on shares of Continental Resources from $60.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Seaport Global Securities lowered shares of Continental Resources from a “buy” rating to a “sell” rating and reduced their price objective for the company from $57.00 to $20.00 in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $46.00 price objective on shares of Continental Resources in a research note on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. Continental Resources presently has a consensus rating of “Buy” and a consensus price target of $45.93.

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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