Janus Henderson Group PLC Has $37.39 Million Position in Chord Energy Co. (NASDAQ:CHRD)

Janus Henderson Group PLC lowered its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 34.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,083 shares of the company's stock after selling 153,865 shares during the quarter. Janus Henderson Group PLC owned 0.47% of Chord Energy worth $37,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of 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 acquiring an additional 1,269,658 shares in the last quarter. Pacer Advisors Inc. lifted its stake 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chord Energy by 72.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company's stock worth $297,090,000 after buying an additional 741,705 shares during the period. Millennium Management LLC grew its stake in shares of Chord Energy by 226.5% in the second quarter. Millennium Management LLC now owns 696,488 shares of the company's stock valued at $116,787,000 after buying an additional 483,144 shares in the last quarter. Finally, KGH Ltd raised its holdings in shares of Chord Energy by 872.0% during the 2nd quarter. KGH Ltd now owns 485,998 shares of the company's stock valued at $81,492,000 after buying an additional 435,998 shares during the period. Hedge funds and other institutional investors own 97.76% of the company's stock.

Chord Energy Stock Performance

Shares of CHRD stock traded down $4.51 on Friday, hitting $117.20. 918,387 shares of the stock traded hands, compared to its average volume of 993,852. 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 company has a market capitalization of $7.16 billion, a PE ratio of 6.04, a PEG ratio of 4.91 and a beta of 0.96. Chord Energy Co. has a 1-year low of $115.96 and a 1-year high of $190.23. The company's fifty day moving average is $129.22 and its 200 day moving average is $148.82.

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 the consensus estimate 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%. Chord Energy's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period last year, the firm earned $5.04 earnings per share. On average, equities research analysts predict that Chord Energy Co. will post 16.5 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. Shareholders of record on Wednesday, November 27th will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.27%. Chord Energy's payout ratio is presently 25.75%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup decreased their price target on Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a report on Monday, August 12th. Siebert Williams Shank raised shares of Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Truist Financial cut their price objective on shares of Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a report on Monday, September 30th. Bank of America raised their target price on Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Finally, UBS Group started coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price target on the stock. Two 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 currently has an average rating of "Moderate Buy" and an average target price 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.