Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co cut its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 94.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,041 shares of the company's stock after selling 49,738 shares during the quarter. Paloma Partners Management Co's holdings in Chord Energy were worth $396,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHRD. Hexagon Capital Partners LLC lifted its holdings in shares of Chord Energy by 462.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 197 shares of the company's stock valued at $26,000 after buying an additional 162 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Chord Energy in the 3rd quarter valued at approximately $26,000. UMB Bank n.a. lifted its holdings 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 valued at $30,000 after buying an additional 101 shares during the period. Spartan Fund Management Inc. acquired a new stake in shares of Chord Energy in the 3rd quarter valued at approximately $34,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Chord Energy in the 2nd quarter valued at approximately $40,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Stock Down 0.5 %

Shares of CHRD traded down $0.61 during midday trading on Thursday, reaching $121.71. 843,774 shares of the company were exchanged, compared to its average volume of 893,812. 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 market cap of $7.44 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 5.12 and a beta of 0.96. Chord Energy Co. has a 1-year low of $121.54 and a 1-year high of $190.23. The stock has a 50-day moving average price of $129.61 and a 200-day moving average price of $149.68.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm's revenue for the quarter was up 33.4% compared to the same quarter last year. During the same period last year, the company posted $5.04 earnings per share. Research analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, November 27th. Chord Energy's dividend payout ratio (DPR) is presently 25.75%.

Analyst Ratings Changes

CHRD has been the subject of several research analyst reports. Truist Financial dropped their price objective on Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Citigroup dropped their price target on Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Piper Sandler raised their price objective on Chord Energy from $211.00 to $212.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Royal Bank of Canada decreased 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. Finally, BMO Capital Markets decreased their price objective on Chord Energy from $205.00 to $175.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Two equities research 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 company's stock. Based on data from MarketBeat, Chord Energy has a consensus rating of "Moderate Buy" and an average target price of $188.45.

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.