Captrust Financial Advisors boosted its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 721.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,785 shares of the company's stock after buying an additional 128,047 shares during the quarter. Captrust Financial Advisors owned 0.24% of Chord Energy worth $18,986,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in shares of Chord Energy by 462.9% during the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock worth $26,000 after buying an additional 162 shares during the period. Stone House Investment Management LLC acquired a new position in Chord Energy during the 3rd quarter worth approximately $26,000. UMB Bank n.a. increased its position in shares of Chord Energy by 77.7% in the 3rd 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 last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy in the 2nd quarter valued at $40,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Chord Energy by 125.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock worth $41,000 after purchasing an additional 136 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors and hedge funds.
Chord Energy Stock Performance
CHRD stock traded up $1.09 during trading on Friday, hitting $127.52. The company had a trading volume of 382,804 shares, compared to its average volume of 1,064,442. The firm has a 50-day moving average price of $130.17 and a 200-day moving average price of $150.84. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The firm has a market cap of $7.80 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. 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 released its earnings results 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). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm posted $5.04 EPS. The company's revenue for the quarter was up 33.4% on a year-over-year basis. On average, 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 announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.
Analyst Upgrades and Downgrades
CHRD has been the topic of several recent analyst reports. Citigroup dropped their target price on Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Jefferies Financial Group began coverage on Chord Energy in a research note on Thursday, September 5th. They set a "hold" rating and a $160.00 target price for the company. Truist Financial dropped their price target on shares of Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Wells Fargo & Company cut their price target on shares of Chord Energy from $185.00 to $180.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Finally, UBS Group began coverage on shares of Chord Energy in a research note on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $188.45.
Check Out Our Latest Stock Report on Chord Energy
About Chord Energy
(
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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