Chord Energy Co. (NASDAQ:CHRD) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 112.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,079 shares of the company's stock after purchasing an additional 4,271 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in Chord Energy were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kraematon Investment Advisors Inc. bought a new stake in Chord Energy in the second quarter worth about $4,426,000. Sei Investments Co. lifted its stake in shares of Chord Energy by 24.0% during the 1st quarter. Sei Investments Co. now owns 144,166 shares of the company's stock worth $25,696,000 after acquiring an additional 27,903 shares during the last quarter. Bank of Montreal Can boosted its holdings in Chord Energy by 956.5% during the 2nd quarter. Bank of Montreal Can now owns 58,359 shares of the company's stock valued at $9,873,000 after acquiring an additional 52,835 shares during the period. Quantbot Technologies LP bought a new position in Chord Energy in the 1st quarter valued at $884,000. Finally, BOKF NA increased its stake in Chord Energy by 1,678.3% in the first quarter. BOKF NA now owns 15,471 shares of the company's stock worth $2,751,000 after purchasing an additional 14,601 shares during the period. Hedge funds and other institutional investors own 97.76% of the company's stock.

Insider Activity

In other news, Director Samantha Holroyd bought 500 shares of the firm's stock in a transaction that occurred 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 acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.

Chord Energy Stock Up 0.7 %

Shares of NASDAQ:CHRD traded up $0.90 during trading on Thursday, reaching $132.86. The stock had a trading volume of 1,425,771 shares, compared to its average volume of 883,221. The company has a current ratio of 0.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $8.22 billion, a P/E ratio of 6.45, a PEG ratio of 4.86 and a beta of 0.98. The firm's 50-day simple moving average is $132.59 and its 200 day simple moving average is $156.69. Chord Energy Co. has a one year low of $123.30 and a one year high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data 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 20.83% and a return on equity of 15.06%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the prior year, the company posted $5.04 EPS. The business's revenue for the quarter was up 33.4% on a year-over-year basis. As a group, research analysts expect that Chord Energy Co. will post 17.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CHRD. BMO Capital Markets lowered their target price on shares of Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Truist Financial lowered 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 report on Monday, September 30th. Bank of America boosted their price target on Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. Citigroup reduced their price objective on Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, Siebert Williams Shank upgraded Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Two investment 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 stock. According to data from MarketBeat.com, Chord Energy currently has an average rating of "Moderate Buy" and an average target price of $190.18.

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.