Chord Energy Co. (NASDAQ:CHRD) Shares Sold by Centiva Capital LP

Centiva Capital LP trimmed its position in shares of Chord Energy Co. (NASDAQ:CHRD - Free Report) by 59.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,960 shares of the company's stock after selling 11,677 shares during the period. Centiva Capital LP's holdings in Chord Energy were worth $931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in Chord Energy by 11.5% in the 4th quarter. FMR LLC now owns 3,814,384 shares of the company's stock valued at $445,978,000 after buying an additional 394,372 shares in the last quarter. Victory Capital Management Inc. lifted its position in Chord Energy by 27.6% during the 4th quarter. Victory Capital Management Inc. now owns 2,864,456 shares of the company's stock valued at $334,912,000 after purchasing an additional 619,021 shares during the period. Boston Partners increased its stake in Chord Energy by 5.6% during the 4th quarter. Boston Partners now owns 2,186,483 shares of the company's stock worth $255,684,000 after purchasing an additional 115,215 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Chord Energy by 50.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,872,156 shares of the company's stock worth $218,892,000 after buying an additional 627,122 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Chord Energy by 15.0% during the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company's stock worth $130,491,000 after buying an additional 145,627 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

Chord Energy Price Performance

Shares of NASDAQ:CHRD traded up $4.59 during midday trading on Monday, hitting $97.63. The stock had a trading volume of 809,510 shares, compared to its average volume of 982,487. The company's 50-day moving average price is $98.53 and its 200-day moving average price is $112.26. Chord Energy Co. has a fifty-two week low of $79.83 and a fifty-two week high of $188.02. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.81 billion, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 5.83 and a beta of 0.99.

Chord Energy (NASDAQ:CHRD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.44. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.07 billion. Chord Energy had a net margin of 19.74% and a return on equity of 12.88%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.10 earnings per share. As a group, equities research analysts predict that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Wednesday, May 21st. Chord Energy's payout ratio is 34.78%.

Wall Street Analyst Weigh In

CHRD has been the subject of several recent research reports. Williams Trading set a $155.00 price objective on Chord Energy in a report on Wednesday, March 5th. Bank of America raised Chord Energy from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $125.00 to $114.00 in a research report on Tuesday, April 29th. Citigroup cut their price target on Chord Energy from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Truist Financial upped their price objective on Chord Energy from $185.00 to $186.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, Piper Sandler lowered their target price on Chord Energy from $184.00 to $183.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chord Energy currently has an average rating of "Moderate Buy" and an average target price of $156.08.

Insider Activity at Chord Energy

In other news, EVP Shannon Browning Kinney sold 3,091 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total value of $290,863.10. Following the completion of the sale, the executive vice president now directly owns 21,277 shares of the company's stock, valued at $2,002,165.70. This trade represents a 12.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

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.