Foster & Motley Inc. Has $1.19 Million Holdings in Chord Energy Co. (NASDAQ:CHRD)

Foster & Motley Inc. raised its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 116.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,177 shares of the company's stock after acquiring an additional 4,928 shares during the quarter. Foster & Motley Inc.'s holdings in Chord Energy were worth $1,194,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its position in Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock worth $26,000 after purchasing an additional 162 shares during the period. UMB Bank n.a. increased its stake in Chord Energy by 77.7% during the third quarter. UMB Bank n.a. now owns 231 shares of the company's stock valued at $30,000 after purchasing an additional 101 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Chord Energy during the third quarter worth $34,000. Ashton Thomas Private Wealth LLC bought a new position in Chord Energy in the second quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Chord Energy by 125.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock valued at $41,000 after purchasing an additional 136 shares during the period. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Chord Energy Stock Up 0.7 %

Shares of NASDAQ CHRD traded up $0.88 during trading hours on Thursday, hitting $132.84. The stock had a trading volume of 1,032,231 shares, compared to its average volume of 881,399. The company has a market capitalization of $8.22 billion, a P/E ratio of 6.41, a P/E/G ratio of 4.86 and a beta of 0.98. The firm's 50-day moving average price is $132.91 and its two-hundred day moving average price is $156.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.96. Chord Energy Co. has a 52 week low of $123.30 and a 52 week high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released 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 the consensus estimate of $1.26 billion. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The firm'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 EPS. Analysts anticipate that Chord Energy Co. will post 17.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHRD has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price target on shares of Chord Energy in a report on Friday, September 20th. Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. BMO Capital Markets cut their price objective on shares of Chord Energy from $205.00 to $175.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Wolfe Research began coverage on shares of Chord Energy in a research note on Thursday, July 18th. They set a "peer perform" rating on the stock. Finally, UBS Group began coverage on shares of Chord Energy in a report on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price objective for the company. Two 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $190.18.

Insider Buying and Selling at Chord Energy

In related news, Director Samantha Holroyd bought 500 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $149.51 per share, with a total value of $74,755.00. Following the completion of the transaction, the director now directly owns 14,417 shares of the company's stock, valued at $2,155,485.67. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company's stock.

Chord Energy Company 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.