Segall Bryant & Hamill LLC Has $11.17 Million Position in Chord Energy Co. (NASDAQ:CHRD)

Segall Bryant & Hamill LLC boosted its holdings in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,746 shares of the company's stock after buying an additional 7,514 shares during the quarter. Segall Bryant & Hamill LLC owned 0.14% of Chord Energy worth $11,167,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHRD. Hexagon Capital Partners LLC raised 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 worth $26,000 after buying an additional 162 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 101 shares in the last quarter. Spartan Fund Management Inc. acquired a new position in Chord Energy during the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Chord Energy during the 2nd quarter worth approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Chord Energy by 125.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 244 shares of the company's stock valued at $41,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Analysts Set New Price Targets

CHRD has been the topic of several research reports. UBS Group assumed coverage on shares of Chord Energy in a research report on Wednesday, October 16th. They issued a "buy" rating and a $168.00 price target on the stock. BMO Capital Markets lowered their target price on Chord Energy from $205.00 to $175.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Truist Financial reduced their price objective on Chord Energy from $223.00 to $185.00 and set a "buy" rating on the stock in a research report on Monday, September 30th. Royal Bank of Canada dropped their price objective on Chord Energy from $185.00 to $180.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Citigroup reduced their target price on shares of Chord Energy from $195.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chord Energy has an average rating of "Moderate Buy" and an average target price of $188.45.

Insider Buying and Selling

In other news, Director Samantha Holroyd bought 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were bought at an average price of $149.51 per share, for a total transaction of $74,755.00. Following the completion of the purchase, the director now owns 14,417 shares in the company, valued at approximately $2,155,485.67. This trade represents a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Chord Energy Stock Performance

Shares of Chord Energy stock opened at $129.84 on Thursday. Chord Energy Co. has a 52 week low of $123.30 and a 52 week 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 stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 5.14 and a beta of 0.98. The firm has a fifty day moving average of $131.00 and a two-hundred day moving average of $153.33.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $3.40 earnings per share for the quarter, missing the consensus estimate of $3.63 by ($0.23). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. The business's revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.04 earnings per share. As a group, equities research analysts predict that Chord Energy Co. will post 16.5 EPS for the current year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given 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 presently 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.