Y Intercept Hong Kong Ltd Has $5.40 Million Holdings in Chord Energy Co. (NASDAQ:CHRD)

Y Intercept Hong Kong Ltd lowered its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,424 shares of the company's stock after selling 5,548 shares during the period. Y Intercept Hong Kong Ltd owned 0.07% of Chord Energy worth $5,395,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Chord Energy by 397.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company's stock worth $266,454,000 after buying an additional 1,269,658 shares during the period. Pacer Advisors Inc. increased its stake in 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 acquiring an additional 1,230,985 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Chord Energy by 72.0% in the 2nd 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 period. Point72 Asset Management L.P. lifted its stake in shares of Chord Energy by 143.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,787 shares of the company's stock valued at $114,705,000 after purchasing an additional 519,547 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Chord Energy by 226.5% during the 2nd quarter. Millennium Management LLC now owns 696,488 shares of the company's stock worth $116,787,000 after purchasing an additional 483,144 shares during the period. 97.76% of the stock is currently owned by institutional investors and hedge funds.

Chord Energy Trading Up 1.8 %

NASDAQ CHRD traded up $2.13 on Monday, hitting $119.33. 837,201 shares of the stock were exchanged, compared to its average volume of 893,776. The company's 50-day moving average price is $129.00 and its two-hundred day moving average price is $148.21. 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 Co. has a 52-week low of $115.96 and a 52-week high of $190.23. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 4.70 and a beta of 0.96.

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

Chord Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is 25.75%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHRD. Citigroup reduced their price target on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Jefferies Financial Group assumed coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a "hold" rating and a $160.00 price target for the company. Royal Bank of Canada lowered their price target on Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Wells Fargo & Company reduced their price objective on 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 initiated coverage on Chord Energy in a research note on Wednesday, October 16th. They issued a "buy" rating and a $168.00 target price for the company. Two investment 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. Based on data from MarketBeat.com, Chord Energy currently has a consensus 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.