Cornercap Investment Counsel Inc. Has $810,000 Position in Chord Energy Co. (NASDAQ:CHRD)

Cornercap Investment Counsel Inc. decreased its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 56.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,218 shares of the company's stock after selling 8,225 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Chord Energy were worth $810,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Chord Energy by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 414 shares of the company's stock valued at $54,000 after buying an additional 97 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Chord Energy by 0.4% in the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company's stock valued at $3,552,000 after buying an additional 100 shares during the period. UMB Bank n.a. increased its holdings in Chord Energy by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company's stock worth $30,000 after purchasing an additional 101 shares in the last quarter. Covestor Ltd raised its position in Chord Energy by 21.4% in the 3rd quarter. Covestor Ltd now owns 767 shares of the company's stock valued at $100,000 after buying an additional 135 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock worth $41,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHRD. 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 research report on Wednesday, August 21st. Citigroup decreased 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 note on Monday, August 12th. Wells Fargo & Company dropped their price target on Chord Energy from $185.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, October 16th. Siebert Williams Shank raised shares of Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Chord Energy in a report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chord Energy currently has a consensus rating of "Moderate Buy" and an average target price of $190.18.

Chord Energy Price Performance

Shares of CHRD stock traded down $3.61 on Friday, reaching $127.28. The company had a trading volume of 882,165 shares, compared to its average volume of 880,831. Chord Energy Co. has a one year low of $123.30 and a one year 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. The stock has a market capitalization of $7.78 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. The business's 50-day moving average is $131.20 and its 200 day moving average is $154.29.

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 the consensus estimate of $3.63 by ($0.23). The firm 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%. Chord Energy's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.04 earnings per share. Equities research analysts forecast that Chord Energy Co. will post 16.87 EPS for the current fiscal year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, November 27th. Chord Energy's payout ratio is presently 25.75%.

Insider Transactions at Chord Energy

In related news, Director Samantha Holroyd bought 500 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the transaction, the director now directly owns 14,417 shares of the company's stock, valued at approximately $2,155,485.67. The trade was a 3.59 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.