FMR LLC raised its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 2.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,420,012 shares of the company's stock after buying an additional 74,165 shares during the quarter. FMR LLC owned about 5.59% of Chord Energy worth $445,388,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in Chord Energy by 41.3% during the third quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock worth $292,423,000 after buying an additional 656,374 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Chord Energy by 72.0% during the second 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 last quarter. Pacer Advisors Inc. boosted its position 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 purchasing an additional 1,230,985 shares in the last quarter. American Century Companies Inc. boosted its position in Chord Energy by 13.2% during the second quarter. American Century Companies Inc. now owns 971,982 shares of the company's stock worth $162,982,000 after purchasing an additional 113,618 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Chord Energy by 27.7% in the second quarter. Bank of New York Mellon Corp now owns 761,852 shares of the company's stock valued at $127,747,000 after purchasing an additional 165,196 shares during the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Citigroup decreased their price objective 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. Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Truist Financial dropped their price objective on shares of Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. BMO Capital Markets reduced their target price on Chord Energy from $205.00 to $175.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Finally, Jefferies Financial Group initiated coverage on Chord Energy in a research report on Thursday, September 5th. They set a "hold" rating and a $160.00 price target for the company. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $188.45.
Get Our Latest Stock Analysis on Chord Energy
Chord Energy Trading Up 0.9 %
NASDAQ CHRD traded up $1.09 during mid-day trading on Friday, hitting $127.52. The company's stock had a trading volume of 382,804 shares, compared to its average volume of 893,702. The firm has a market capitalization of $7.80 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 5.07 and a beta of 0.98. 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 $123.30 and a 52-week high of $190.23. The stock's fifty day simple moving average is $130.17 and its two-hundred day simple moving average is $150.84.
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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the business posted $5.04 EPS. The business's revenue was up 33.4% on a year-over-year basis. Research analysts expect 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. Shareholders of record on Wednesday, November 27th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Wednesday, November 27th. Chord Energy's dividend payout ratio is presently 25.75%.
Chord Energy Company Profile
(
Free Report)
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.
Further Reading
Before you consider Chord Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chord Energy wasn't on the list.
While Chord Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
