Chord Energy Corporation (NASDAQ:CHRD) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Chord Energy Corporation (NASDAQ:CHRD - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 791,958 shares of the company's stock after buying an additional 47,649 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.33% of Chord Energy worth $89,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHRD. Altshuler Shaham Ltd acquired a new position in Chord Energy during the fourth quarter worth $25,000. Twin Tree Management LP purchased a new stake in shares of Chord Energy during the fourth quarter worth about $33,000. Larson Financial Group LLC raised its position in shares of Chord Energy by 238.3% during the 4th quarter. Larson Financial Group LLC now owns 318 shares of the company's stock worth $37,000 after purchasing an additional 224 shares during the last quarter. Fifth Third Bancorp lifted its stake in Chord Energy by 195.8% in the 1st quarter. Fifth Third Bancorp now owns 698 shares of the company's stock valued at $79,000 after buying an additional 462 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Chord Energy in the 4th quarter valued at about $80,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Chord Energy Trading Down 1.9%

NASDAQ:CHRD traded down $1.85 on Monday, hitting $96.85. The stock had a trading volume of 669,100 shares, compared to its average volume of 856,028. The company has a fifty day moving average price of $95.69 and a two-hundred day moving average price of $105.17. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 6.48 and a beta of 0.96. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 0.09. Chord Energy Corporation has a 1-year low of $79.83 and a 1-year high of $181.17.

Chord Energy (NASDAQ:CHRD - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $3.60 by $0.44. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.07 billion. Chord Energy had a return on equity of 10.34% and a net margin of 16.15%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.10 earnings per share. Equities research analysts expect that Chord Energy Corporation will post 15.59 earnings per share for the current fiscal year.

Chord Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 21st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, May 21st. Chord Energy's dividend payout ratio (DPR) is presently 34.78%.

Insider Buying and Selling at Chord Energy

In related news, EVP Shannon Browning Kinney sold 3,091 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $94.10, for a total value of $290,863.10. Following the sale, the executive vice president directly owned 21,277 shares in the company, valued at approximately $2,002,165.70. The trade was a 12.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CHRD shares. Mizuho reduced their target price on Chord Energy from $154.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company dropped their price target on Chord Energy from $158.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, June 16th. Citigroup decreased their price objective on Chord Energy from $135.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Royal Bank Of Canada lowered their target price on shares of Chord Energy from $165.00 to $145.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen upgraded shares of Chord Energy from a "sell" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.54.

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.