Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Creative Planning

Creative Planning reduced its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 29.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,467 shares of the company's stock after selling 4,281 shares during the quarter. Creative Planning's holdings in Chord Energy were worth $1,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its position in Chord Energy by 462.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock valued at $26,000 after acquiring an additional 162 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Chord Energy by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 231 shares of the company's stock worth $30,000 after purchasing an additional 101 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Chord Energy in the 2nd quarter worth $40,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Chord Energy by 125.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock worth $41,000 after purchasing an additional 136 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Chord Energy by 151.6% in the 2nd quarter. GAMMA Investing LLC now owns 317 shares of the company's stock worth $53,000 after purchasing an additional 191 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Samantha Holroyd purchased 500 shares of Chord Energy stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the transaction, the director now directly owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company's stock.

Chord Energy Price Performance

Shares of CHRD stock traded down $1.22 during trading hours on Thursday, hitting $125.10. 661,783 shares of the company's stock were exchanged, compared to its average volume of 875,708. The firm has a 50 day moving average of $135.14 and a two-hundred day moving average of $158.79. Chord Energy Co. has a fifty-two week low of $124.50 and a fifty-two week high of $190.23. The firm has a market cap of $7.74 billion, a P/E ratio of 6.16, a P/E/G ratio of 5.00 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 0.11.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.00 by ($0.31). The company had revenue of $902.70 million for the quarter, compared to analysts' expectations of $982.43 million. Chord Energy had a net margin of 20.83% and a return on equity of 15.06%. The business's revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.65 earnings per share. Sell-side analysts forecast that Chord Energy Co. will post 17.07 EPS for the current year.

Chord Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, August 21st. This represents a $5.00 annualized dividend and a dividend yield of 4.00%. Chord Energy's dividend payout ratio (DPR) is presently 24.27%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wolfe Research assumed coverage on Chord Energy in a research report on Thursday, July 18th. They issued a "peer perform" rating for the company. Bank of America lifted their price target on Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Siebert Williams Shank raised Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Truist Financial lowered 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. Finally, Wells Fargo & Company reduced their price objective on Chord Energy from $185.00 to $180.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company 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.