Whitebox Advisors LLC Has $24.13 Million Stock Position in Chord Energy Co. (NASDAQ:CHRD)

Whitebox Advisors LLC increased its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 14.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 185,264 shares of the company's stock after buying an additional 23,980 shares during the period. Chord Energy comprises approximately 0.7% of Whitebox Advisors LLC's holdings, making the stock its 27th biggest holding. Whitebox Advisors LLC owned about 0.30% of Chord Energy worth $24,127,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its stake in shares of Chord Energy by 462.9% in the third quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock worth $26,000 after acquiring an additional 162 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy during the third quarter worth approximately $26,000. UMB Bank n.a. increased its stake in shares of Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company's stock worth $30,000 after buying an additional 101 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Chord Energy during the 3rd quarter valued at $34,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Chord Energy during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 97.76% of the company's stock.

Chord Energy Stock Performance

CHRD traded down $4.51 during trading on Friday, reaching $117.20. 918,387 shares of the company's stock were exchanged, compared to its average volume of 993,852. The business has a 50 day moving average price of $129.22 and a 200 day moving average price of $149.04. The company has a market capitalization of $7.16 billion, a P/E ratio of 6.04, a PEG ratio of 4.91 and a beta of 0.96. Chord Energy Co. has a fifty-two week low of $115.96 and a fifty-two week high of $190.23. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The company's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.04 EPS. As a group, analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a "hold" rating and a $160.00 target price on the stock. Bank of America increased their target price on Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Piper Sandler boosted their price target on Chord Energy from $211.00 to $212.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Royal Bank of Canada dropped their price target on Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 20th. Finally, Citigroup decreased their price target on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $188.45.

About Chord Energy

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.