Aptus Capital Advisors LLC Has $5.92 Million Stake in Chord Energy Co. (NASDAQ:CHRD)

Aptus Capital Advisors LLC increased its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 15.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,425 shares of the company's stock after buying an additional 6,120 shares during the quarter. Aptus Capital Advisors LLC owned 0.07% of Chord Energy worth $5,916,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CHRD. Victory Capital Management Inc. increased its holdings in Chord Energy by 397.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company's stock valued at $266,454,000 after purchasing an additional 1,269,658 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Chord Energy by 72.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company's stock worth $297,090,000 after purchasing an additional 741,705 shares during the last quarter. Boston Partners raised its holdings in shares of Chord Energy by 107.0% in the first quarter. Boston Partners now owns 1,305,942 shares of the company's stock valued at $232,813,000 after buying an additional 674,965 shares during the last quarter. Millennium Management LLC lifted its position in Chord Energy by 226.5% during the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company's stock worth $116,787,000 after buying an additional 483,144 shares in the last quarter. Finally, KGH Ltd lifted its position in Chord Energy by 872.0% during the 2nd quarter. KGH Ltd now owns 485,998 shares of the company's stock worth $81,492,000 after buying an additional 435,998 shares in the last quarter. 97.76% of the stock is currently owned by institutional investors.

Chord Energy Trading Up 0.3 %

Shares of Chord Energy stock traded up $0.45 during trading on Wednesday, hitting $129.05. 699,844 shares of the company were exchanged, compared to its average volume of 881,779. The firm has a market capitalization of $7.89 billion, a P/E ratio of 6.65, a price-to-earnings-growth ratio of 5.05 and a beta of 0.98. The firm's fifty day moving average price is $131.48 and its 200 day moving average price is $155.01. 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 1-year low of $123.30 and a 1-year high of $190.23.

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 firm 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 revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.04 EPS. As a group, sell-side analysts expect that Chord Energy Co. will post 16.87 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy's payout ratio is presently 25.75%.

Insiders Place Their Bets

In other Chord Energy news, Director Samantha Holroyd purchased 500 shares of the stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the acquisition, the director now directly owns 14,417 shares of the company's stock, valued at $2,155,485.67. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CHRD. Wolfe Research assumed coverage on shares of Chord Energy in a research note on Thursday, July 18th. They issued a "peer perform" rating for the company. Bank of America boosted their price objective on shares of Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Truist Financial lowered their target price on Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. BMO Capital Markets dropped their target price on Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Finally, UBS Group started coverage on Chord Energy in a report on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $190.18.

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.