M&T Bank Corp boosted its holdings in shares of Continental Resources, Inc. (NYSE:CLR – Get Rating) by 79.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,734 shares of the oil and natural gas company's stock after acquiring an additional 3,873 shares during the quarter. M&T Bank Corp's holdings in Continental Resources were worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLR. Hourglass Capital LLC boosted its position in shares of Continental Resources by 4.2% during the second quarter. Hourglass Capital LLC now owns 62,530 shares of the oil and natural gas company's stock worth $4,086,000 after buying an additional 2,495 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Continental Resources by 103.5% during the second quarter. Illinois Municipal Retirement Fund now owns 15,472 shares of the oil and natural gas company's stock worth $1,011,000 after buying an additional 7,868 shares during the period. LexAurum Advisors LLC purchased a new position in Continental Resources in the second quarter valued at $206,000. Pekin Hardy Strauss Inc. boosted its holdings in Continental Resources by 26.1% in the second quarter. Pekin Hardy Strauss Inc. now owns 8,700 shares of the oil and natural gas company's stock valued at $569,000 after purchasing an additional 1,800 shares during the period. Finally, Ronit Capital LLP purchased a new position in Continental Resources in the second quarter valued at $2,941,000. Institutional investors and hedge funds own 13.41% of the company's stock.

Continental Resources Stock Performance

Shares of CLR stock opened at $74.12 on Thursday. The stock has a market capitalization of $26.91 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of 0.20 and a beta of 2.32. Continental Resources, Inc. has a 52-week low of $40.75 and a 52-week high of $75.49. The stock's 50-day moving average price is $71.11 and its 200 day moving average price is $67.77. The company has a quick ratio of 1.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.55.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Continental Resources from $72.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, October 24th. Raymond James lowered Continental Resources from an "outperform" rating to a "market perform" rating and set a $74.00 target price for the company. in a report on Monday, October 24th. StockNews.com assumed coverage on Continental Resources in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Barclays decreased their target price on Continental Resources from $73.00 to $70.00 and set an "underweight" rating for the company in a report on Wednesday, August 31st. Finally, Piper Sandler lifted their price target on Continental Resources from $70.00 to $74.00 and gave the stock an "underweight" rating in a report on Tuesday, October 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $72.00.

Continental Resources Company Profile

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Continental Resources, Inc is an independent oil producer engaged in the exploration, development, and production of crude oil and natural gas. The firm's operations include horizontal drilling and protecting groundwater. The company was founded by Harold G. Hamm in 1967 and is headquartered in Oklahoma City, OK.

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