Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. trimmed its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,888 shares of the company's stock after selling 2,419 shares during the period. Chord Energy comprises about 2.8% of Kraematon Investment Advisors Inc.'s investment portfolio, making the stock its 9th largest position. Kraematon Investment Advisors Inc.'s holdings in Chord Energy were worth $2,793,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in 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. Geode Capital Management LLC boosted its stake in Chord Energy by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,162,442 shares of the company's stock worth $151,077,000 after buying an additional 34,156 shares during the last quarter. Bank of Montreal Can boosted its stake in Chord Energy by 956.5% in the 2nd quarter. Bank of Montreal Can now owns 58,359 shares of the company's stock worth $9,873,000 after buying an additional 52,835 shares during the last quarter. Foundry Partners LLC grew its holdings in Chord Energy by 22.7% in the 3rd quarter. Foundry Partners LLC now owns 52,009 shares of the company's stock valued at $6,773,000 after buying an additional 9,613 shares during the period. Finally, Caxton Associates LP acquired a new position in shares of Chord Energy during the 2nd quarter valued at about $2,515,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Chord Energy Stock Up 0.0 %

Chord Energy stock traded up $0.05 during midday trading on Friday, hitting $126.31. 577,480 shares of the company were exchanged, compared to its average volume of 639,807. The company has a market cap of $7.72 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 5.57 and a beta of 0.99. Chord Energy Co. has a fifty-two week low of $109.59 and a fifty-two week high of $190.23. The company's fifty day moving average price is $122.27 and its 200-day moving average price is $137.90. 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 (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 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 return on equity of 12.88% and a net margin of 19.74%. The company's revenue for the quarter was up 33.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.04 earnings per share. On average, research analysts predict that Chord Energy Co. will post 16.33 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 3.96%. Chord Energy's payout ratio is currently 25.75%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Morgan Stanley began coverage on shares of Chord Energy in a report on Friday, January 10th. They issued an "equal weight" rating and a $158.00 price target on the stock. BMO Capital Markets dropped their price objective on Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Siebert Williams Shank raised Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Finally, Bank of America restated a "neutral" rating and set a $138.00 price target (down from $208.00) on shares of Chord Energy in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chord Energy currently has an average rating of "Moderate Buy" and an average price target of $173.08.

Insider Activity

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,488 shares in the company, valued at approximately $2,484,579.76. This represents a 4.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.

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.