Chord Energy Co. (NASDAQ:CHRD) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,872,156 shares of the company's stock after buying an additional 627,122 shares during the period. Pacer Advisors Inc. owned 3.06% of Chord Energy worth $218,892,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHRD. Delta Capital Management LLC raised its holdings in Chord Energy by 4.3% in the fourth quarter. Delta Capital Management LLC now owns 2,200 shares of the company's stock worth $257,000 after purchasing an additional 90 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Chord Energy by 30.6% in the 3rd quarter. GAMMA Investing LLC now owns 414 shares of the company's stock worth $54,000 after buying an additional 97 shares during the last quarter. Commerce Bank raised its stake in shares of Chord Energy by 4.3% during the 3rd quarter. Commerce Bank now owns 2,361 shares of the company's stock worth $307,000 after acquiring an additional 98 shares in the last quarter. New York State Teachers Retirement System lifted its position in Chord Energy by 0.4% during the third quarter. New York State Teachers Retirement System now owns 27,274 shares of the company's stock valued at $3,552,000 after acquiring an additional 100 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Chord Energy by 77.7% in the third quarter. UMB Bank n.a. now owns 231 shares of the company's stock valued at $30,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

Analyst Upgrades and Downgrades

CHRD has been the topic of a number of recent analyst reports. Wolfe Research raised Chord Energy from a "peer perform" rating to an "outperform" rating and set a $155.00 price target on the stock in a research report on Friday, January 3rd. UBS Group reduced their target price on Chord Energy from $168.00 to $161.00 and set a "buy" rating on the stock in a research report on Monday, December 9th. Bank of America reissued a "neutral" rating and issued a $138.00 price target (down previously from $208.00) on shares of Chord Energy in a report on Monday, January 13th. Truist Financial upped their price objective on shares of Chord Energy from $185.00 to $186.00 and gave the company a "buy" rating in a report on Monday, January 13th. Finally, Siebert Williams Shank raised shares of Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.08.

Chord Energy Stock Performance

Shares of CHRD stock traded down $0.20 during trading hours on Monday, hitting $117.26. The company's stock had a trading volume of 838,102 shares, compared to its average volume of 665,163. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average of $121.27 and a 200 day moving average of $135.36. Chord Energy Co. has a 12-month low of $109.59 and a 12-month high of $190.23. The stock has a market cap of $7.17 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 6.35 and a beta of 0.99.

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

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Wednesday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.26%. The ex-dividend date was Wednesday, November 27th. Chord Energy's dividend payout ratio is currently 25.75%.

Insider Buying and Selling at Chord Energy

In other news, CAO Shannon Browning Kinney sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $121.27, for a total transaction of $121,270.00. Following the sale, the chief accounting officer now directly owns 20,488 shares of the company's stock, valued at $2,484,579.76. This represents a 4.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.

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.