Point72 Asia Singapore Pte. Ltd. Acquires 3,994 Shares of Chord Energy Co. (NASDAQ:CHRD)

Point72 Asia Singapore Pte. Ltd. grew its holdings in Chord Energy Co. (NASDAQ:CHRD) by 146.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,726 shares of the company’s stock after purchasing an additional 3,994 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Chord Energy were worth $876,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hexagon Capital Partners LLC raised its holdings in shares of Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company’s stock valued at $26,000 after purchasing an additional 162 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of Chord Energy in the 3rd quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Chord Energy in the 3rd quarter valued at about $34,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Chord Energy in the 2nd quarter valued at about $40,000. Institutional investors own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CHRD shares. Citigroup reduced their price objective on shares of Chord Energy from $195.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Royal Bank of Canada reduced their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Wednesday, November 20th. UBS Group started coverage on shares of Chord Energy in a research note on Wednesday, October 16th. They set a “buy” rating and a $168.00 price objective for the company. Siebert Williams Shank upgraded shares of Chord Energy to a “strong-buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Chord Energy from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.45.

Chord Energy Stock Up 0.9 %

CHRD stock opened at $127.52 on Monday. The firm’s fifty day simple moving average is $130.17 and its 200-day simple moving average is $150.62. The company has a market capitalization of $7.80 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a 12 month low of $123.30 and a 12 month high of $190.23.

Chord Energy (NASDAQ:CHRD) last released its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm’s revenue was up 33.4% on a year-over-year basis. During the same period last year, the company earned $5.04 earnings per share. As a group, equities research analysts forecast that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy’s dividend payout ratio (DPR) is presently 25.75%.

Chord Energy Company Profile

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.