Centiva Capital LP Takes $2.56 Million Position in Chord Energy Co. (NASDAQ:CHRD)

Centiva Capital LP acquired a new stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 19,637 shares of the company's stock, valued at approximately $2,557,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kraematon Investment Advisors Inc. acquired a new stake in shares of Chord Energy during the 2nd quarter worth $4,426,000. Victory Capital Management Inc. increased its holdings in Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock valued at $292,423,000 after buying an additional 656,374 shares during the period. Bank of Montreal Can raised its position in shares of Chord Energy by 956.5% in the 2nd quarter. Bank of Montreal Can now owns 58,359 shares of the company's stock valued at $9,873,000 after buying an additional 52,835 shares in the last quarter. Caxton Associates LP bought a new stake in shares of Chord Energy during the 2nd quarter worth approximately $2,515,000. Finally, Foundry Partners LLC increased its stake in Chord Energy by 22.7% in the third quarter. Foundry Partners LLC now owns 52,009 shares of the company's stock valued at $6,773,000 after acquiring an additional 9,613 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Wall Street Analyst Weigh In

CHRD has been the subject of several recent analyst reports. Citigroup cut their target price on Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Piper Sandler raised their price objective on Chord Energy from $211.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Bank of America raised their price target on shares of Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Jefferies Financial Group initiated coverage on Chord Energy in a report on Thursday, September 5th. They issued a "hold" rating and a $160.00 target price for the company. Finally, BMO Capital Markets dropped their price target on shares of Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $188.45.

Chord Energy Trading Up 1.6 %

Shares of Chord Energy stock traded up $2.00 on Tuesday, hitting $128.88. 540,487 shares of the company's stock traded hands, compared to its average volume of 892,124. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 5.12 and a beta of 0.96. Chord Energy Co. has a one year low of $123.30 and a one year high of $190.23. The company has a fifty day moving average of $129.96 and a two-hundred day moving average of $150.25. 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 (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 19.74% and a return on equity of 12.88%. The firm's quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.04 earnings per share. As a group, sell-side analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy's payout ratio is 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.