Aptus Capital Advisors LLC Buys 10,860 Shares of Chord Energy Co. (NASDAQ:CHRD)

Aptus Capital Advisors LLC increased its holdings in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,285 shares of the company's stock after buying an additional 10,860 shares during the period. Aptus Capital Advisors LLC owned 0.09% of Chord Energy worth $6,581,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Freestone Grove Partners LP bought a new position in Chord Energy in the 4th quarter worth about $21,097,000. AQR Capital Management LLC grew its stake in Chord Energy by 216.2% during the fourth quarter. AQR Capital Management LLC now owns 147,946 shares of the company's stock valued at $17,066,000 after acquiring an additional 101,150 shares in the last quarter. Northern Trust Corp increased its holdings in Chord Energy by 3.3% during the 4th quarter. Northern Trust Corp now owns 474,203 shares of the company's stock worth $55,444,000 after acquiring an additional 15,070 shares during the period. Oxford Asset Management LLP bought a new position in Chord Energy in the 4th quarter valued at $286,000. Finally, Boothbay Fund Management LLC grew its position in shares of Chord Energy by 47.9% during the 4th quarter. Boothbay Fund Management LLC now owns 18,259 shares of the company's stock valued at $2,135,000 after purchasing an additional 5,910 shares in the last quarter. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Chord Energy Trading Up 3.9 %

NASDAQ CHRD traded up $3.49 on Thursday, hitting $93.63. The company's stock had a trading volume of 1,232,479 shares, compared to its average volume of 979,318. The company's 50-day simple moving average is $99.07 and its 200 day simple moving average is $113.20. Chord Energy Co. has a 52-week low of $79.83 and a 52-week high of $188.02. The firm has a market cap of $5.57 billion, a P/E ratio of 4.82, a PEG ratio of 5.83 and a beta of 0.99. 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 (NASDAQ:CHRD - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.60 by $0.44. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same period last year, the company posted $5.10 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 21st will be issued a $1.30 dividend. The ex-dividend date is Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.55%. Chord Energy's dividend payout ratio (DPR) is 32.62%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Williams Trading set a $155.00 price target on Chord Energy in a report on Wednesday, March 5th. Bank of America raised shares of Chord Energy from a "neutral" rating to a "buy" rating and cut their price target for the stock from $125.00 to $114.00 in a research note on Tuesday, April 29th. Royal Bank of Canada lowered their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley set a $139.00 target price on Chord Energy and gave the company a "cautious" rating in a research note on Wednesday, March 26th. Finally, Truist Financial lifted their price target on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $156.08.

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.