Oak Thistle LLC Has $504,000 Stock Holdings in Chord Energy Co. (NASDAQ:CHRD)

Oak Thistle LLC decreased its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,310 shares of the company's stock after selling 2,713 shares during the quarter. Oak Thistle LLC's holdings in Chord Energy were worth $504,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRD. Kings Path Partners LLC acquired a new position in shares of Chord Energy in the 4th quarter worth approximately $117,000. Franklin Resources Inc. grew its position in Chord Energy by 72.5% in the third quarter. Franklin Resources Inc. now owns 27,434 shares of the company's stock valued at $3,631,000 after acquiring an additional 11,527 shares during the period. Synovus Financial Corp raised its stake in Chord Energy by 14.9% during the third quarter. Synovus Financial Corp now owns 5,869 shares of the company's stock worth $764,000 after acquiring an additional 761 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Chord Energy by 21.0% during the third quarter. Sanctuary Advisors LLC now owns 5,141 shares of the company's stock valued at $691,000 after acquiring an additional 892 shares during the period. Finally, TCW Group Inc. boosted its stake in shares of Chord Energy by 11.7% in the 3rd quarter. TCW Group Inc. now owns 33,540 shares of the company's stock valued at $4,368,000 after purchasing an additional 3,500 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CHRD shares. Wolfe Research upgraded shares of Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 target price for the company in a research report on Friday, January 3rd. BMO Capital Markets dropped their price objective on shares of Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Mizuho reduced their target price on Chord Energy from $192.00 to $178.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. 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 report on Monday. Finally, Piper Sandler cut their price objective on Chord Energy from $194.00 to $193.00 and set an "overweight" rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.08.

Insider Transactions at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of Chord Energy stock in a transaction on Monday, December 9th. The shares were sold at an average price of $121.27, for a total transaction of $121,270.00. Following the transaction, the chief accounting officer now directly owns 20,488 shares of the company's stock, valued at $2,484,579.76. This trade represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Chord Energy Trading Up 0.0 %

Shares of NASDAQ:CHRD traded up $0.05 during trading on Friday, hitting $126.31. 577,480 shares of the company's stock were exchanged, compared to its average volume of 639,807. The firm has a 50-day moving average price of $122.38 and a two-hundred day moving average price of $138.20. Chord Energy Co. has a 1-year low of $109.59 and a 1-year high of $190.23. The firm has a market cap of $7.72 billion, a P/E ratio of 6.50, a PEG ratio of 5.57 and a beta of 0.99. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued 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). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the firm posted $5.04 EPS. The business's revenue was up 33.4% on a year-over-year basis. Equities analysts predict that Chord Energy Co. will post 16.33 earnings per share for the current year.

Chord Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is currently 25.75%.

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.