Chord Energy Co. (NASDAQ:CHRD) Stake Increased by Albert D Mason Inc.

Albert D Mason Inc. increased its holdings in shares of Chord Energy Co. (NASDAQ:CHRD) by 70.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,543 shares of the company’s stock after purchasing an additional 2,299 shares during the quarter. Albert D Mason Inc.’s holdings in Chord Energy were worth $648,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its position in shares of Chord Energy by 757.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,557 shares of the company’s stock worth $590,000 after purchasing an additional 3,142 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Chord Energy by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 139,711 shares of the company’s stock valued at $23,427,000 after buying an additional 16,877 shares during the period. Mutual of America Capital Management LLC lifted its position in Chord Energy by 44.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 35,604 shares of the company’s stock worth $5,970,000 after buying an additional 11,010 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Chord Energy during the 2nd quarter valued at $416,000. Finally, Amalgamated Bank grew its holdings in shares of Chord Energy by 79.6% during the 2nd quarter. Amalgamated Bank now owns 38,902 shares of the company’s stock valued at $6,523,000 after acquiring an additional 17,241 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on CHRD. Siebert Williams Shank raised Chord Energy to a “strong-buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada reduced their price target on Chord Energy from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Wednesday, November 20th. Piper Sandler dropped their price objective on Chord Energy from $194.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group reduced their target price on shares of Chord Energy from $168.00 to $161.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Finally, Truist Financial increased their price target on shares of Chord Energy from $185.00 to $186.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Three investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.08.

Chord Energy Stock Performance

Shares of CHRD opened at $126.31 on Friday. 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 one year low of $109.59 and a one year high of $190.23. The company’s fifty day moving average price is $122.27 and its 200 day moving average price is $137.90. The company has a market capitalization of $7.72 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 5.57 and a beta of 0.99.

Chord Energy (NASDAQ:CHRD) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.04 EPS. As a group, analysts expect that Chord Energy Co. will post 16.33 earnings per share for the current year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.96%. Chord Energy’s dividend payout ratio is currently 25.75%.

Insider Buying and Selling at Chord Energy

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 16th. The stock was sold at an average price of $116.35, for a total transaction of $116,350.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,488 shares of the company’s stock, valued at approximately $2,267,428.80. This trade represents a 4.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

About Chord Energy

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.