Chord Energy Co. (NASDAQ:CHRD) Stock Holdings Trimmed by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 28.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 457,672 shares of the company's stock after selling 186,448 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.74% of Chord Energy worth $59,603,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock worth $292,423,000 after purchasing an additional 656,374 shares during the last quarter. Dimensional Fund Advisors LP boosted 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. Pacer Advisors Inc. boosted its holdings in shares of Chord Energy by 8,762.1% during the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company's stock worth $162,141,000 after purchasing an additional 1,230,985 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Chord Energy by 13.2% during the second quarter. American Century Companies Inc. now owns 971,982 shares of the company's stock worth $162,982,000 after purchasing an additional 113,618 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Chord Energy by 27.7% during the second quarter. Bank of New York Mellon Corp now owns 761,852 shares of the company's stock worth $127,747,000 after purchasing an additional 165,196 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Stock Up 0.9 %

Shares of NASDAQ CHRD traded up $1.09 during midday trading on Friday, reaching $127.52. 382,804 shares of the company's stock were exchanged, compared to its average volume of 893,702. Chord Energy Co. has a 52-week low of $123.30 and a 52-week high of $190.23. The stock has a market capitalization of $7.80 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The business's fifty day moving average price is $130.17 and its two-hundred day moving average price is $151.06.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced 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 return on equity of 12.88% and a net margin of 19.74%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm posted $5.04 earnings per share. The firm's revenue was up 33.4% compared to the same quarter last year. Analysts forecast that Chord Energy Co. will post 16.5 EPS for the current year.

Chord Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy's payout ratio is 25.75%.

Analyst Ratings Changes

CHRD has been the topic of several analyst reports. UBS Group initiated coverage on Chord Energy in a report on Wednesday, October 16th. They set a "buy" rating and a $168.00 price objective on the stock. Wells Fargo & Company decreased their price objective on Chord Energy from $185.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Bank of America lifted their target price on Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Jefferies Financial Group assumed coverage on Chord Energy in a report on Thursday, September 5th. They issued a "hold" rating and a $160.00 target price on the stock. Finally, Citigroup reduced 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. Two 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.