32,071 Shares in Chord Energy Corporation $CHRD Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC purchased a new stake in Chord Energy Corporation (NASDAQ:CHRD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,071 shares of the company's stock, valued at approximately $3,615,000. Integrated Wealth Concepts LLC owned 0.06% of Chord Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of Chord Energy by 8.6% in the fourth quarter. Ameriprise Financial Inc. now owns 108,561 shares of the company's stock worth $12,693,000 after purchasing an additional 8,621 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Chord Energy in the 4th quarter worth approximately $4,721,000. Benjamin Edwards Inc. boosted its holdings in shares of Chord Energy by 9.1% in the fourth quarter. Benjamin Edwards Inc. now owns 3,400 shares of the company's stock valued at $398,000 after acquiring an additional 283 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Chord Energy by 4.3% during the fourth quarter. Baird Financial Group Inc. now owns 6,338 shares of the company's stock valued at $741,000 after acquiring an additional 259 shares during the period. Finally, Jefferies Financial Group Inc. raised its holdings in Chord Energy by 5,923.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 106,312 shares of the company's stock worth $12,430,000 after purchasing an additional 104,547 shares in the last quarter. 97.76% of the stock is owned by institutional investors.

Chord Energy Stock Down 0.7%

Shares of NASDAQ:CHRD traded down $0.71 during midday trading on Friday, hitting $104.16. 927,389 shares of the stock were exchanged, compared to its average volume of 777,978. The company has a market capitalization of $5.96 billion, a PE ratio of 26.50 and a beta of 0.97. Chord Energy Corporation has a 52-week low of $79.83 and a 52-week high of $140.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.90 and a current ratio of 0.97. The business's fifty day simple moving average is $105.93 and its two-hundred day simple moving average is $101.17.

Chord Energy (NASDAQ:CHRD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.09). Chord Energy had a return on equity of 9.02% and a net margin of 5.02%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $984.07 million. During the same period in the previous year, the company earned $4.69 earnings per share. The business's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, research analysts predict that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Thursday, August 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Thursday, August 21st. Chord Energy's payout ratio is presently 132.32%.

Analyst Upgrades and Downgrades

CHRD has been the topic of several research analyst reports. Wall Street Zen cut Chord Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Bank of America lowered their target price on Chord Energy from $114.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company upped their price target on shares of Chord Energy from $143.00 to $146.00 and gave the company an "overweight" rating in a report on Friday, August 15th. Piper Sandler lifted their price objective on shares of Chord Energy from $164.00 to $166.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. Finally, UBS Group raised their target price on shares of Chord Energy from $120.00 to $122.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $148.00.

Insider Activity

In related news, EVP Shannon Browning Kinney sold 3,019 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $105.43, for a total value of $318,293.17. Following the completion of the sale, the executive vice president directly owned 14,650 shares in the company, valued at approximately $1,544,549.50. This represents a 17.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.