Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by KBC Group NV

KBC Group NV increased its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,973 shares of the company's stock after acquiring an additional 10,655 shares during the quarter. KBC Group NV owned approximately 0.09% of Chord Energy worth $6,544,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new stake in Chord Energy during the fourth quarter valued at approximately $77,000. Blue Trust Inc. boosted its holdings in shares of Chord Energy by 4.0% during the 4th quarter. Blue Trust Inc. now owns 3,334 shares of the company's stock valued at $390,000 after buying an additional 128 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. boosted its holdings in shares of Chord Energy by 3.5% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 92,211 shares of the company's stock valued at $11,596,000 after buying an additional 3,151 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Chord Energy by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,145 shares of the company's stock valued at $718,000 after buying an additional 110 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Chord Energy by 9.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,049 shares of the company's stock worth $473,000 after purchasing an additional 344 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Insider Activity

In other Chord Energy news, CAO Shannon Browning Kinney sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.27, for a total value of $121,270.00. Following the completion of the transaction, the chief accounting officer now directly owns 20,488 shares in the company, valued at approximately $2,484,579.76. The trade was a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their price target on shares of Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 20th. UBS Group lowered their target price on shares of Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a research note on Monday, December 9th. Morgan Stanley started coverage on shares of Chord Energy in a research note on Friday, January 10th. They set an "equal weight" rating and a $158.00 target price on the stock. Truist Financial upped their price target on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Finally, Mizuho reduced their price target on shares of Chord Energy from $192.00 to $178.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $173.08.

Chord Energy Price Performance

Shares of NASDAQ CHRD traded down $1.48 during midday trading on Monday, reaching $110.97. 1,348,990 shares of the stock traded hands, compared to its average volume of 700,200. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The stock has a market capitalization of $6.78 billion, a PE ratio of 5.71, a P/E/G ratio of 5.67 and a beta of 0.98. Chord Energy Co. has a one year low of $109.44 and a one year high of $190.23. The company's 50 day moving average is $120.01 and its 200 day moving average is $133.67.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.63 by ($0.23). The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The firm's quarterly revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.04 earnings per share. On average, equities research analysts anticipate that Chord Energy Co. will post 15.59 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were paid a $1.25 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.51%. Chord Energy's payout ratio is 25.75%.

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.