Kore Advisors LP purchased a new position in Chord Energy Co. (NASDAQ:CHRD - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 34,000 shares of the company's stock, valued at approximately $4,428,000. Chord Energy makes up about 1.3% of Kore Advisors LP's investment portfolio, making the stock its 6th largest holding. Kore Advisors LP owned 0.06% of Chord Energy as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Edgestream Partners L.P. raised its holdings in shares of Chord Energy by 64.6% during the 3rd quarter. Edgestream Partners L.P. now owns 57,285 shares of the company's stock worth $7,460,000 after acquiring an additional 22,478 shares in the last quarter. Point72 Europe London LLP increased its position in Chord Energy by 270.3% in the third quarter. Point72 Europe London LLP now owns 138,295 shares of the company's stock worth $18,010,000 after purchasing an additional 100,951 shares during the last quarter. Captrust Financial Advisors raised its stake in Chord Energy by 721.9% during the third quarter. Captrust Financial Advisors now owns 145,785 shares of the company's stock valued at $18,986,000 after purchasing an additional 128,047 shares in the last quarter. Infrastructure Capital Advisors LLC bought a new position in Chord Energy during the third quarter valued at $207,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Chord Energy in the 3rd quarter worth $26,000. Institutional investors own 97.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CHRD. Citigroup lowered their price target on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a report on Monday, August 12th. Royal Bank of Canada dropped their target price on Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a report on Wednesday, November 20th. Jefferies Financial Group assumed coverage on Chord Energy in a report on Thursday, September 5th. They set a "hold" rating and a $160.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Chord Energy from $185.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Piper Sandler raised their target price on shares of Chord Energy from $211.00 to $212.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Two investment 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 stock. Based on data from MarketBeat, Chord Energy has an average rating of "Moderate Buy" and a consensus target price of $188.45.
View Our Latest Stock Analysis on CHRD
Chord Energy Stock Up 0.9 %
Shares of CHRD stock traded up $1.09 during mid-day trading on Friday, hitting $127.52. The stock had a trading volume of 382,804 shares, compared to its average volume of 1,064,442. Chord Energy Co. has a 12-month low of $123.30 and a 12-month high of $190.23. 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 firm's 50-day moving average is $130.17 and its two-hundred day moving average is $150.84. The firm has a market capitalization of $7.80 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98.
Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 12.88% and a net margin of 19.74%. The firm's revenue was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.04 earnings per share. On average, analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.
Chord Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.92%. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.
Chord Energy Company Profile
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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.
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