Exchange Traded Concepts LLC Has $786,000 Holdings in Chord Energy Co. (NASDAQ:CHRD)

Exchange Traded Concepts LLC decreased its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 59.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,035 shares of the company's stock after selling 8,957 shares during the quarter. Exchange Traded Concepts LLC's holdings in Chord Energy were worth $786,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Chord Energy by 72.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company's stock valued at $297,090,000 after purchasing an additional 741,705 shares during the period. Victory Capital Management Inc. raised its position in Chord Energy by 397.5% in the second quarter. Victory Capital Management Inc. now owns 1,589,061 shares of the company's stock worth $266,454,000 after acquiring an additional 1,269,658 shares in the last quarter. Boston Partners lifted its holdings in Chord Energy by 107.0% in the 1st quarter. Boston Partners now owns 1,305,942 shares of the company's stock valued at $232,813,000 after acquiring an additional 674,965 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Chord Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 971,982 shares of the company's stock valued at $162,982,000 after purchasing an additional 113,618 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Chord Energy by 27.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 761,852 shares of the company's stock worth $127,747,000 after purchasing an additional 165,196 shares during the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Down 0.5 %

CHRD traded down $0.60 during trading on Friday, reaching $129.98. 815,088 shares of the stock traded hands, compared to its average volume of 884,279. The stock's 50-day simple moving average is $139.02 and its two-hundred day simple moving average is $162.10. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.96 and a quick ratio of 0.91. Chord Energy Co. has a fifty-two week low of $126.38 and a fifty-two week high of $190.23. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 6.10, a price-to-earnings-growth ratio of 4.92 and a beta of 0.97.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $5.00 by ($0.31). The firm had revenue of $902.70 million during the quarter, compared to the consensus estimate of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The company's quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.65 EPS. As a group, equities research analysts expect that Chord Energy Co. will post 17.93 EPS for the current year.

Chord Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, August 21st. Chord Energy's payout ratio is 23.46%.

Insider Buying and Selling at Chord Energy

In other news, Director Samantha Holroyd acquired 500 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of $149.51 per share, with a total value of $74,755.00. Following the acquisition, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

CHRD has been the subject of a number of research reports. Bank of America raised their target price on shares of Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. Wolfe Research began coverage on Chord Energy in a research report on Thursday, July 18th. They set a "peer perform" rating on the stock. Truist Financial decreased their price target on Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. UBS Group assumed coverage on Chord Energy in a report on Wednesday. They set a "buy" rating and a $168.00 price objective on the stock. Finally, Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chord Energy currently has an average rating of "Moderate Buy" and a consensus price target of $190.18.

About Chord Energy

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.