Nomura Asset Management Co. Ltd. Has $4 Million Position in Chord Energy Co. (NASDAQ:CHRD)

Nomura Asset Management Co. Ltd. grew its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 86.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,678 shares of the company's stock after purchasing an additional 14,267 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.05% of Chord Energy worth $3,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHRD. MML Investors Services LLC grew its stake in shares of Chord Energy by 7.5% in the 3rd quarter. MML Investors Services LLC now owns 11,733 shares of the company's stock valued at $1,528,000 after buying an additional 821 shares in the last quarter. Hodges Capital Management Inc. grew its position in Chord Energy by 1.8% in the third quarter. Hodges Capital Management Inc. now owns 33,414 shares of the company's stock worth $4,352,000 after acquiring an additional 600 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Chord Energy by 81.1% during the 3rd quarter. XTX Topco Ltd now owns 3,237 shares of the company's stock worth $422,000 after purchasing an additional 1,450 shares during the last quarter. iSAM Funds UK Ltd raised its holdings in shares of Chord Energy by 200.1% during the 3rd quarter. iSAM Funds UK Ltd now owns 5,891 shares of the company's stock valued at $767,000 after purchasing an additional 3,928 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Chord Energy in the 3rd quarter valued at $424,000. 97.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CHRD. Wells Fargo & Company lowered their target price 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. Royal Bank of Canada lowered their price objective on Chord Energy from $185.00 to $180.00 and set an "outperform" rating on the stock in a report on Wednesday, November 20th. Bank of America boosted their target price on Chord Energy from $201.00 to $208.00 and gave the stock a "buy" rating in a report on Wednesday, August 21st. UBS Group lowered their price target on Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a report on Monday, December 9th. Finally, Jefferies Financial Group assumed coverage on Chord Energy in a research note on Thursday, September 5th. They issued a "hold" rating and a $160.00 price objective on the stock. Two 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 company's stock. According to MarketBeat.com, Chord Energy has a consensus rating of "Moderate Buy" and a consensus target price of $187.82.

Chord Energy Price Performance

Shares of NASDAQ:CHRD traded down $0.54 during midday trading on Friday, reaching $119.28. 779,540 shares of the company's stock were exchanged, compared to its average volume of 891,909. Chord Energy Co. has a 12 month low of $115.96 and a 12 month high of $190.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 0.93. The firm has a market capitalization of $7.29 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 4.79 and a beta of 0.96. The company's 50 day simple moving average is $127.88 and its two-hundred day simple moving average is $146.71.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data 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). Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company earned $5.04 earnings per share. The business's revenue was up 33.4% compared to the same quarter last year. Equities research analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 4.19%. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.

Insiders Place Their Bets

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $121.27, for a total transaction of $121,270.00. Following the sale, the chief accounting officer now owns 20,488 shares in the company, valued at approximately $2,484,579.76. This represents a 4.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

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.