Chord Energy Co. (NASDAQ:CHRD) Stock Holdings Raised by State Street Corp

State Street Corp raised its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,485,777 shares of the company's stock after purchasing an additional 22,753 shares during the quarter. State Street Corp owned 4.07% of Chord Energy worth $323,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Chord Energy by 2.2% during the third quarter. FMR LLC now owns 3,420,012 shares of the company's stock worth $445,388,000 after buying an additional 74,165 shares in the last quarter. Victory Capital Management Inc. increased its stake in Chord Energy by 41.3% in the 3rd quarter. Victory Capital Management Inc. now owns 2,245,435 shares of the company's stock valued at $292,423,000 after purchasing an additional 656,374 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Chord Energy by 72.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,771,780 shares of the company's stock worth $297,090,000 after purchasing an additional 741,705 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Chord Energy by 8,762.1% in the third quarter. Pacer Advisors Inc. now owns 1,245,034 shares of the company's stock valued at $162,141,000 after purchasing an additional 1,230,985 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Chord Energy by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 971,982 shares of the company's stock worth $162,982,000 after buying an additional 113,618 shares during the last quarter. Institutional investors and hedge funds own 97.76% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CHRD. Piper Sandler raised their target price on shares of Chord Energy from $211.00 to $212.00 and gave the company an "overweight" rating in a report on Monday, November 18th. 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. Siebert Williams Shank upgraded Chord Energy to a "strong-buy" rating in a research report on Tuesday, October 15th. BMO Capital Markets cut their price objective on shares of Chord Energy from $205.00 to $175.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Finally, Jefferies Financial Group assumed coverage on shares of Chord Energy in a research note on Thursday, September 5th. They issued a "hold" rating and a $160.00 target price for the company. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $187.82.

Chord Energy Trading Up 1.3 %

NASDAQ:CHRD traded up $1.54 on Wednesday, hitting $119.46. 836,132 shares of the stock were exchanged, compared to its average volume of 892,734. The stock has a fifty day moving average of $128.75 and a 200-day moving average of $147.78. The stock has a market cap of $7.30 billion, a PE ratio of 6.07, a PEG ratio of 4.70 and a beta of 0.96. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Chord Energy Co. has a fifty-two week low of $115.96 and a fifty-two week high of $190.23.

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). Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the business posted $5.04 EPS. The company's quarterly revenue was up 33.4% on a year-over-year basis. As a group, equities analysts expect that Chord Energy Co. will post 16.5 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Wednesday, November 27th. Chord Energy's payout ratio is 25.75%.

Insider Activity at Chord Energy

In related news, CAO Shannon Browning Kinney sold 1,000 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $121.27, for a total value of $121,270.00. Following the transaction, the chief accounting officer now owns 20,488 shares in the company, valued at approximately $2,484,579.76. The trade was a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

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.