Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Atom Investors LP

Atom Investors LP reduced its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 30.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,717 shares of the company's stock after selling 5,015 shares during the quarter. Atom Investors LP's holdings in Chord Energy were worth $1,526,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock valued at $26,000 after buying an additional 162 shares during the period. Stone House Investment Management LLC purchased a new position in Chord Energy during the third quarter worth about $26,000. UMB Bank n.a. lifted 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 purchasing an additional 101 shares during the period. Spartan Fund Management Inc. purchased a new stake in Chord Energy in the 3rd quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Chord Energy during the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 97.76% of the company's stock.

Analyst Ratings Changes

CHRD has been the topic of a number of recent analyst reports. Jefferies Financial Group started coverage on Chord Energy in a report on Thursday, September 5th. They set a "hold" rating and a $160.00 price objective on the stock. Piper Sandler raised their price objective on shares of Chord Energy from $211.00 to $212.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. Royal Bank of Canada lowered their target price on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Citigroup lowered their price target on Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, Bank of America raised their price target on Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, August 21st. Two research 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $188.45.

Chord Energy Trading Down 0.3 %

CHRD stock traded down $0.41 during midday trading on Tuesday, hitting $126.47. The stock had a trading volume of 172,180 shares, compared to its average volume of 890,573. The company's 50-day moving average price is $129.96 and its 200 day moving average price is $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. The firm has a market cap of $7.73 billion, a PE ratio of 6.53, a price-to-earnings-growth ratio of 5.12 and a beta of 0.96. Chord Energy Co. has a 12-month low of $123.30 and a 12-month high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 EPS for the quarter, missing analysts' consensus estimates of $3.63 by ($0.23). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the firm earned $5.04 EPS. Chord Energy's revenue for the quarter was up 33.4% on a year-over-year basis. On average, equities research analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.95%. Chord Energy's payout ratio is 25.75%.

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.