Qsemble Capital Management LP purchased a new position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,004 shares of the company's stock, valued at approximately $782,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Chord Energy by 30.6% during the third quarter. GAMMA Investing LLC now owns 414 shares of the company's stock worth $54,000 after buying an additional 97 shares during the period. Commerce Bank increased its position in shares of Chord Energy by 4.3% in the 3rd quarter. Commerce Bank now owns 2,361 shares of the company's stock valued at $307,000 after purchasing an additional 98 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Chord Energy by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 27,274 shares of the company's stock valued at $3,552,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company's stock worth $30,000 after purchasing an additional 101 shares during the last quarter. Finally, Lindenwold Advisors INC grew its stake in shares of Chord Energy by 5.0% during the third quarter. Lindenwold Advisors INC now owns 2,523 shares of the company's stock worth $329,000 after purchasing an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 97.76% of the company's stock.
Chord Energy Stock Performance
Shares of Chord Energy stock traded down $1.58 during trading hours on Wednesday, hitting $126.43. 715,768 shares of the company were exchanged, compared to its average volume of 895,923. The business has a 50-day moving average of $130.74 and a 200-day moving average of $151.78. Chord Energy Co. has a 1 year low of $123.30 and a 1 year high of $190.23. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 5.23 and a beta of 0.98.
Chord Energy (NASDAQ:CHRD - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing the consensus estimate of $3.63 by ($0.23). The firm had revenue of $1.12 billion during 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%. The firm's revenue was up 33.4% on a year-over-year basis. During the same quarter last year, the business posted $5.04 EPS. As a group, analysts expect that Chord Energy Co. will post 16.5 EPS for the current fiscal year.
Chord Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.95%. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on CHRD shares. UBS Group assumed coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price target on the stock. Royal Bank of Canada dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. Jefferies Financial Group started coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a "hold" rating and a $160.00 price objective for the company. Citigroup dropped their target price on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Finally, Wells Fargo & Company decreased 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 equities research 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 company. Based on data from MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and a consensus price target of $188.45.
View Our Latest Analysis on CHRD
Chord Energy Profile
(
Free Report)
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.
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