Deutsche Bank AG Has $12.41 Million Holdings in Chord Energy Co. (NASDAQ:CHRD)

Deutsche Bank AG cut its position in Chord Energy Co. (NASDAQ:CHRD - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,104 shares of the company's stock after selling 83,215 shares during the quarter. Deutsche Bank AG owned about 0.17% of Chord Energy worth $12,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHRD. Altshuler Shaham Ltd bought a new stake in shares of Chord Energy during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new stake in Chord Energy in the 4th quarter valued at approximately $29,000. Twin Tree Management LP bought a new stake in Chord Energy during the 4th quarter valued at $33,000. Larson Financial Group LLC grew its stake in shares of Chord Energy by 238.3% in the fourth quarter. Larson Financial Group LLC now owns 318 shares of the company's stock worth $37,000 after purchasing an additional 224 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Chord Energy in the fourth quarter worth $51,000. 97.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Chord Energy

In related news, EVP Shannon Browning Kinney sold 3,091 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $94.10, for a total transaction of $290,863.10. Following the completion of the sale, the executive vice president now directly owns 21,277 shares in the company, valued at approximately $2,002,165.70. This trade represents a 12.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Chord Energy Trading Down 1.7%

Chord Energy stock traded down $1.64 during midday trading on Monday, reaching $95.03. The stock had a trading volume of 554,050 shares, compared to its average volume of 982,979. Chord Energy Co. has a twelve month low of $79.83 and a twelve month high of $188.02. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 5.83 and a beta of 0.99. The firm's fifty day simple moving average is $98.06 and its two-hundred day simple moving average is $111.46.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued 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. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.07 billion. Chord Energy had a return on equity of 12.88% and a net margin of 19.74%. Chord Energy's revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.10 earnings per share. Equities analysts anticipate that Chord Energy Co. will post 15.59 EPS for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, May 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.47%. Chord Energy's dividend payout ratio is 34.78%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Williams Trading set a $155.00 target price on shares of Chord Energy in a research report on Wednesday, March 5th. Royal Bank of Canada decreased their price objective on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Citigroup dropped their target price on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Bank of America raised Chord Energy from a "neutral" rating to a "buy" rating and decreased their price target for the company from $125.00 to $114.00 in a research note on Tuesday, April 29th. Finally, Piper Sandler lowered their price target on Chord Energy from $184.00 to $183.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. 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 assigned a strong buy rating to the company. According to MarketBeat, Chord Energy has a consensus rating of "Moderate Buy" and an average target price of $153.92.

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.