Chord Energy Co. (NASDAQ:CHRD) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 74.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,729 shares of the company's stock after selling 5,111 shares during the quarter. US Bancorp DE's holdings in Chord Energy were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CHRD. Hexagon Capital Partners LLC grew its stake in shares of 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 purchasing an additional 162 shares during the period. UMB Bank n.a. increased its holdings 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 buying an additional 101 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Chord Energy in the 3rd quarter worth approximately $34,000. Ashton Thomas Private Wealth LLC purchased a new position in Chord Energy in the 2nd quarter valued at approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in 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 purchasing an additional 136 shares during the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chord Energy

In other news, Director Samantha Holroyd bought 500 shares of the firm's stock in a transaction dated 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 purchase, the director now owns 14,417 shares of the company's stock, valued at $2,155,485.67. This trade represents a 3.59 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of Chord Energy from $206.00 to $211.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Bank of America upped their price target on shares of Chord Energy from $201.00 to $208.00 and gave the company a "buy" rating in a report on Wednesday, August 21st. UBS Group began coverage on shares of Chord Energy in a research note on Wednesday, October 16th. They set a "buy" rating and a $168.00 price objective for the company. Truist Financial dropped their price target on Chord Energy from $223.00 to $185.00 and set a "buy" rating for the company in a research report on Monday, September 30th. Finally, Siebert Williams Shank upgraded shares of Chord Energy to a "strong-buy" rating in a report on Tuesday, October 15th. Two investment 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 stock. Based on data from MarketBeat, Chord Energy presently has a consensus rating of "Moderate Buy" and an average price target of $190.18.

Chord Energy Trading Down 2.8 %

CHRD stock traded down $3.61 during trading on Friday, reaching $127.28. 882,062 shares of the stock traded hands, compared to its average volume of 880,831. The business's 50 day moving average price is $131.20 and its 200-day moving average price is $154.45. The firm has a market capitalization of $7.78 billion, a PE ratio of 6.55, a P/E/G ratio of 5.07 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. Chord Energy Co. has a 52-week low of $123.30 and a 52-week high of $190.23.

Chord Energy (NASDAQ:CHRD - Get Free Report) last posted its earnings results 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). The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.26 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. 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 EPS. As a group, sell-side analysts forecast that Chord Energy Co. will post 16.87 earnings per share for the current year.

Chord Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 3.93%. Chord Energy's payout ratio is 25.75%.

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.