Quest Partners LLC Buys 7,187 Shares of Chord Energy Co. (NASDAQ:CHRD)

Quest Partners LLC lifted its stake in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 718,700.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 7,188 shares of the company's stock after buying an additional 7,187 shares during the quarter. Quest Partners LLC's holdings in Chord Energy were worth $936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank increased its stake in shares of Chord Energy by 0.6% during the third quarter. Swiss National Bank now owns 185,022 shares of the company's stock worth $24,095,000 after purchasing an additional 1,100 shares during the period. Empowered Funds LLC grew its holdings in Chord Energy by 58.0% in the 3rd quarter. Empowered Funds LLC now owns 30,825 shares of the company's stock valued at $4,014,000 after buying an additional 11,321 shares in the last quarter. Victory Capital Management Inc. increased its position in Chord Energy by 41.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock worth $292,423,000 after buying an additional 656,374 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Chord Energy by 15.6% during the third quarter. Aptus Capital Advisors LLC now owns 45,425 shares of the company's stock worth $5,916,000 after buying an additional 6,120 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Chord Energy by 0.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 117,273 shares of the company's stock worth $15,272,000 after buying an additional 792 shares in the last quarter. Institutional investors own 97.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHRD shares. Jefferies Financial Group initiated coverage on shares of Chord Energy in a research report on Thursday, September 5th. They set a "hold" rating and a $160.00 price target on the stock. Citigroup dropped their price target on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Truist Financial lowered their price objective on Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada cut their target price on Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Siebert Williams Shank upgraded Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. Two investment 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, the company has a consensus rating of "Moderate Buy" and an average price target of $188.45.

Insider Transactions at Chord Energy

In other Chord Energy news, Director Samantha Holroyd bought 500 shares of the stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the acquisition, the director now owns 14,417 shares in the company, valued at $2,155,485.67. This trade represents a 3.59 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Chord Energy Stock Up 1.5 %

Shares of NASDAQ:CHRD opened at $129.84 on Thursday. The firm has a market cap of $7.94 billion, a P/E ratio of 6.69, a P/E/G ratio of 5.14 and a beta of 0.98. Chord Energy Co. has a 12-month low of $123.30 and a 12-month high of $190.23. The business has a fifty day simple moving average of $131.00 and a 200 day simple moving average of $153.33. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $3.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.26 billion. During the same quarter last year, the business earned $5.04 earnings per share. Chord Energy's revenue was up 33.4% compared to the same quarter last year. Analysts predict that Chord Energy Co. will post 16.5 earnings per share for the current year.

Chord Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Wednesday, November 27th. Chord Energy's dividend payout ratio is currently 25.75%.

Chord Energy Company 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.