Advisors Asset Management Inc. Purchases 11,393 Shares of Chord Energy Co. (NASDAQ:CHRD)

Advisors Asset Management Inc. boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 502.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,659 shares of the company's stock after purchasing an additional 11,393 shares during the period. Advisors Asset Management Inc.'s holdings in Chord Energy were worth $1,779,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CHRD. Hexagon Capital Partners LLC grew its holdings in shares of Chord Energy by 462.9% during 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 during the last quarter. UMB Bank n.a. boosted its position in Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company's stock valued at $30,000 after buying an additional 101 shares in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Chord Energy during the third quarter worth $34,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Chord Energy during the second quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Chord Energy by 125.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock valued at $41,000 after acquiring an additional 136 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Stock Down 3.0 %

Shares of Chord Energy stock traded down $3.99 during trading on Monday, reaching $130.44. 4,465,284 shares of the company traded hands, compared to its average volume of 896,546. The company has a 50 day moving average price of $131.00 and a 200-day moving average price of $152.50. Chord Energy Co. has a 1-year low of $123.30 and a 1-year high of $190.23. The firm has a market capitalization of $7.97 billion, a PE ratio of 6.78, a P/E/G ratio of 5.39 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 (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (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 the consensus estimate 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 in the previous year, the company posted $5.04 EPS. As a group, equities research analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.83%. The ex-dividend date is Wednesday, November 27th. Chord Energy's payout ratio is currently 25.75%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Truist Financial reduced their price objective on Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. UBS Group started coverage on shares of Chord Energy in a report on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price objective for the company. Citigroup decreased their price target on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Bank of America lifted their price target on shares of Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Finally, Wells Fargo & Company decreased their price objective on Chord Energy from $185.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $188.45.

Chord Energy 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.